Daily Index Cycle update

US equity indexes closed moderately higher, sp +13pts @ 2094. The two leaders - Trans/R2K, settled higher by 0.3% and 0.7% respectively. With the Dow having broken the Nov' high, and >18k, the outlook into the summer unquestionably favours the bulls.


sp'daily

Dow

Nasdaq

Summary

Suffice to add, the most notable aspect of the day.. the Dow breaking the Nov'2015 high of 17977... and breaking straight into the 18000s.

This is an extremely bullish sign that the market will continue to broadly climb into the summer, with all indexes eventually breaking new historic highs before year end.
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a little more later...