The Fred Report - Mid Week Update February 3, 2016

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The decline has been a bit more pronounced than expected.  If this market is to rally from here and have a decent close to the week, we should test the 188.70 area or slightly below, and early on Wednesday – but ultimately hold that area and rally. Otherwise, the rally may have failed at 195 and turn into a test of the 175 area on SPY.


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