The Fred Report - Weekly September 12, 2016

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We have been focusing on the 212 area on SPY as a benchmark for this market. For now, this is close only – we hope and expect this to be penetrated on the downside early Monday.  The next support on the daily TLT chart is the gap between 135 and 133.50. If that breaks the next stop will be 131 – 129. We do not expect these areas to be challenged immediately – rather we expect some stability and a trending advance in prices.



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