US equities closed moderately mixed, sp +1pt @ 1923 (intra low 1901). The two leaders - Trans/R2K, settled lower by -0.5% and -0.4% respectively. There is high probability that the market has put in a short term floor, with viable upside into the next FOMC of Wed' Jan'27th. The 1990s remain best case for the equity bulls.
Trans - a new multi-year low of 6820... offering a spike floor. First upside target will be the 7400 level. Sustained action >50dma/7600s... looks out of range.
R2K - breaking the Oct'2014 low of 1040.. spiking from 1031. Viable upside to around 1100.. no higher than 1120s.
sp'500 - short term floor of 1901... set for 1970s... 1990s at most. No daily closes >2k for a long..... long time.
Closing update from Riley
a little more later...