Tuesday 26 April 2016

Daily Index Cycle update

US equity indexes closed broadly weak, sp -3pts @ 2087. The two leaders - Trans/R2K, settled lower by -1.2% and -0.7% respectively. Near term outlook offers increasingly dynamic price action, with a very realistic decline to the sp'2040s - along with VIX spiking into the upper teens.


sp'daily5



R2K



Trans



Summary

Suffice to add.. the two leaders are set to follow the headline indexes (sp/dow/nasdaq) and break rising trend/support within the next 1-3 days.

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a little more later....