The Fred Report - Monthly August 2015
SPY had the forecast down quarter in Q2, and is oversold enough to rally this quarter. MDY and IJR also declined and weekly stochastics are now in buy mode suggesting an imminent rally. Most indexes had negative second quarters, fulfilling our forecast. This was not enough to reset the indicators, but it may be enough to spark a short-term rally, and our target of 223 (per our yearly forecast) remains in play.
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