The Fred Report - Monthly March 2016
The bear market structure at the end of 2015 has improved but it has not been repaired. Now, we are in short-term rally mode, but several objectives on the upside have been hit. Failure to penetrate 200 on SPY from here would suggest more decline is possible and a test of the recent low is possible from this area. Until the structure corrects the market is vulnerable, although some downside objectives have been met.
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