The Fred Report - Weekly July 27, 2015
Internals continue to deteriorate, and with the daily stochastic negative as well a test of the recent low at 204 on SPY is likely. Gold has been interesting over the last few weeks, with many down days, and then finally an outside positive reversal day on Friday. Such a day is normally a sign of demand coming into the market and overcoming supply, and exhaustion of selling pressure.
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