Saturday, January 30, 2016

Stock Market This Week

Hi Folks,

We recently made a lower low than the August low and now we are bouncing.  I expect this bounce to continue into next week.  I'm looking for $198-$199 in terms of SPY from the $193.75 close on Friday.  Then as you can guess, I expect it to roll over again and start to make the next new low.  My guess at this point is around $170 in SPY.

Thanks and Good Trading,


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