SPY Forecast 10/17/2015

201510.17

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SPY Forecast 10/17/2015

The S&P 500 index proxy (SPY) has followed through to the upside just as we forecast. Now that the short squeeze has successfully cleared out the stops, it is likely to stall out and reverse. This reversal should be “it”, so we are interested in building a strategic position on the short side in the week to come.

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