The Fred Report - Weekly January 19, 2016

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Stocks are oversold enough to bounce, and are near support – but if current support breaks there are grave concerns.  There are couple of key numbers on SPX to watch The first is a close below 1867 on SPX – that is the number institutions are watching, and we have already traded below there, but held on a closing basis. We are more concerned with a close below 1840.



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