US equity indexes closed significantly higher, sp +26pts @ 1903. The two leaders - Trans/R2K, settled higher by 2.5% and 2.1% respectively. Near term outlook offers the sp'1940s before the weekend, along with VIX 20/19s. The bigger weekly cycles are still threatening 1970s by mid February... before a grander decline into the spring.
Suffice to add, near term outside.. at least to the sp'1940s.. and that will likely equate to the R2K @ 1040/50.
Broadly, the US market looks vulnerable into the spring/early summer.
At best, equity bulls will be able to hold the market together into mid February. From there... the 1812 low should be taken out... at least to 1750/25 by late March.
a little more later...