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,
Tim
Saturday, January 30, 2016
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