All USA main indexes above all pivots. XIV above all pivots and VIX below. The only drag is TLT and GLD recovering JanPs, showing some mild pivot status improvement.
Still, this is very bullish action for USA main indexes despite the lack of intraday follow through, and the portfolio 'should be' longer.
Taking off 2 remaining IWM hedges for successful position, recommended in 12/11 Total market view and confirmed 12/12 Daily comment. So starting today with 90% longs and -30% shorts, adjusting to -10% short, equals 80% long. Doesn't seem enough with all USA mains above all pivots, so adding 2 SPY longs to come up to 110% long, -10% short, net 100% long, total exposure 120%.
SPY and SPX below. Note The Pivotal Promise: SPX above YP of 2108 means target likely to be reached is YR1 2407. Between that 2197-2200 at the 1HP and Q1P is strong support.