Saturday 6 December 2014

Daily Index Cycle update

US equity indexes managed further gains, with new historic highs of Dow 17991, and sp'2079. Near term outlook offers Dow 18000s, along with sp'2100s.. before the next realistic chance of a 3-6% retrace.


sp'daily5


Dow, daily


Summary

Suffice to say, with new historic highs... there is nothing for the equity bears to get remotely excited about.

Yes, the two leaders - Trans/R2K, are yet to confirm, but it'd seem they will, given another month... or two.
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a little more later...