Stalemate continues with YR1s threatening on 4 of 5 USA main indexes but without serious damage.
In particular, YR1s on SPY, QQQ and VTI look like very clear resistance with a weak advance and tag of the level. Usually this means the next move is down.
In addition, though XIV held Q1P, clear resistance on the FebP. Combining this with VIX above all pivots adds to bearish conclusion for risk.
SPY, QQQ, VTI and XIV below.
