Daily Index Cycle update

US equity indexes closed moderately mixed, sp +3pts @ 1923 (intra range 1927/00). The two leaders - Trans/R2K, settled +0.6% and -0.3% respectively. Near term outlook is bearish... to the 1870/50 zone.. which would make for a rather natural mid term 'marginally lower low'.


sp'daily5

Trans

Summary

Little to add.

The daily closing candles are arguably bullish, although the smaller 15/60min cycles are on the high side, and offer sig' weakness into the weekend/next Monday.

Best guess... a break <1900... and then at least 1870s.
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a little more later...