US equities closed moderately higher, sp +8pts @ 1878. The two leaders - Trans/R2K, settled higher by 0.4% and 0.3% respectively. Near term outlook is offering the sp'1885/95 zone, with a brief foray into the low 1900s.
All things considered, the daily charts - esp' the Dow and SP'500, bode for much higher levels in May. Even the Nasdaq which saw a much deeper retrace, looks set to break upward before the weekend.
Bears had their chance, and all they could manage was sp'1897 to 1814..a mere 4.4% decline.
Closing update from Riley
a little more later...