The FRED Report

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The Fred Report - Monthly November 2015

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SPY gave short-term rally indications, and this has occurred. There is enough technical evidence to suggest further upside after consolidation, and we would add the last third of cash raised on a breakout in SPY. While our target of 223 on SPY (per our yearly forecast) remains in play, there is less time to reach it than we figured when we made the forecast.


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