The Fred Report - Mid Week Update September 30, 2015
If our idea is correct the market could rally back towards 200 or so on SPY, and then revisit this area or lower, again. How will we know a rally is underway? It should occur if we exceed the Tuesday high. We would love to short TLT at our target of 126 – 128, and we may do so in our models if it can get there. GLD is in sell mode on the daily stochastics and we would love to see this test 106. We would look to buy it there.
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