The Fred Report - Weekly June 15, 2020

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Short-term indicators have hit overbought extremes, and as mentioned before, the put/call ratio and other sentiment data has hit giddy extremes.  We have target points at 295 to 288 or so on SPY. Below 287 on a closing basis could target as low as 260, which is our maximum downside for a correction unless something odd happens.



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