SPY Forecast 8/18/2015

201508.18
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The S&P 500 index proxy (SPY) is still lost within its range. For deeper time-frame investor/traders, the odds picture remains muddy and now seems like a good time to keep your powder dry. For intra-day traders, there is small time-frame bullish power which we forecast will offer some good short term upward trends intra-day.