The Fred Report - Weekly February 3, 2020

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SPY is declining about as we have expected, and the 320-area is being tested as we speak. Ideal would be a small bounce and then a test of the 315-area we have mentioned, but that could also be tested right away.As stocks pull back, TLT has rallied to the top end of the range, but there is glaring non-confirmation from the accumulation model, which suggests this move could be retraced.

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