SPY at Year End Crossroad Dec 15, 2015

By Lawrence

End-of-day update: SPY bounced quickly off the 200 round number level, back up to where the sudden decline started. Now facing FOMC decision tomorrow, it has to choose between a drop to 196 open gap below off the steep down channel, or, given enough firepower by the Fed, back up to 210 where the top of the daily bull flag is.

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