SPY Key Support

Note the key level of technical support on the S&P ETF, SPY, at the 195-ish area.  This is where the 50% retracement of the Oct 15 – Dec 5 rally and the 200-day moving average meet.  A move to this level would represent a 6 1/2 percent correction from the recent high.   Stay tuned.

Dec16_SPY(click here if chart is not observable)

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