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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
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).