The Fred Report - Mid Week Update November 30, 2011
Monday’s challenge of the 121 area has filled an upside and we still look for the market to test 122 – 123, where we will then see if the market has what it takes to rally into the end of the year. Right now, our preferred scenario is a rally up to the main resistance (8000 on NYA), followed by a slow pullback for a close to the year around 1220 on SPX.
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