Post-FOMC Breakouts Signal Broad Rally Into January

**Short Term Forecast (1 Week): Bullish**
The Federal Reserve's 25 basis point cut has catalyzed a broad-based rally, pushing the Russell 2000 to all-time highs and clearing resistance in the S&P 500 Equal-weighted ETF (RSP). While the QQQ (closing recently at $627.61) and SPX remain slightly below record highs due to consolidation in mega-caps like AAPL and NVDA, the technical setup remains constructive. With the VIX stable at 16.66 and price action resolving upward post-meeting, the immediate path of least resistance is higher, regardless of isolated earnings noise from companies like ORCL.

**Longer Term Forecast (1 Month+): Bullish**
Market breadth has improved significantly, with Small-caps (IWM) and Transports (IYT) breaking out to verify a healthy uptrend via Dow Theory. This rotation suggests the rally will extend into late January, favoring Small and Mid-cap exposure over heavy Tech concentration. Expect the IWM to push toward $280 and the S&P 500 to reach new highs as the market prices in the dovish Fed stance. While Tech may require until late January to fully stabilize, the broader equity market is poised for a strong finish to the year.