Tuesday, February 16, 2016

Feb 16 - Potential pullback target SPY

If we get some backfill, ideally would be looking at a 1/3 retrace to retrace Tuesday's move.  I am guessing btw 1-2%.  We also have some seasonality headwinds per Sentimentrader
 http://www.sentimentrader.com/blog/optimism-flat-as-buying-surrounds-holiday-break


A 1/3 retrace would be ideal and coincide with today's move

 A wild guess on how we might move up (assuming this is a new uptrend).



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