Sunday, February 7, 2016

Game Over for Stocks?

Hi Folks,

Well the market did rally off the recent lows but now it's rolling over.  The S&P 500 ETF, SPY, rallied off of the $181 lows and got as high as $194,58.  I was expecting a few points more on the upside before rolling over but the big picture remains the same.  Lower lows and lower highs on  the bounces.  It looks like we are in the next leg down for the next few weeks.  I am expecting $173 in SPY then $159 over the next few weeks.

Thanks and Good Trading,


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