SPY Forecast 6/13/16

201606.13

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SPY Forecast 6/13/16

The S&P 500 index proxy (SPY) continues to chop sideways in spite of record, sustained outflows. This indicates that the central banks continue to remain active and this leaves us in a tug of war situation until the political pressures resolve. In the meantime, the bulls remain in control of this market as everybody waits for the “Brexit vote”.

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