The FRED Report

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The Fred Report - Mid Week Update May 25, 2011

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Should we decline from here, and accelerate into next week, we are setting up an ideal, tradable low.  Ideal would be a close between 1290 and 1280 on SPX next Tuesday – this would be a perfect set-up on my monthly.  We show IWM and SPY below, noting the broad market is weaker, suggesting that more of a decline could in fact occur.

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