The FRED Report

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The Fred Report - Monthly December 2014

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SPY had a strong November, and indicators suggest upside but more volatility going forward. We still expect an upside test of the 209 level on SPY as long as support at the 190 area on SPY holds. The first part of December might be down as indicators are somewhat overbought, but a decent finish to 2014 is certainly possible. 


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