Daily Index Cycle update

US equities closed moderately higher, sp +13pts @ 2080 - having swung strongly higher (intra high 2086) from an opening low of 2056. The two leaders - Trans/R2K, settled -0.4% and +0.4% respectively. Near term outlook is for another attempt to take out the sp'2039 low.


sp'daily5

Trans

Summary

Suffice to say... Trans 'old leader' is warning of broader downside this week.
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Closing update from Riley


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a little more later...