The Fred Report - Mid Week Update October 14, 2015

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If SPY trades well, we should go no lower than 195 and correct the overbought in more of a sideways consolidation. A break of this area would signal a move back to at least 190 – 188 and very likely lower.  Until SPY moves above 204 to 205 the market trend remains down at worst, to sideways at best.



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