SP500 1781 is in a minor pullback of 25pts from the recent High of 1802 to 1777. I'm looking for a bounce back to 1792 this week and then a move down to 1730 by Friday 06 December. Worst case would be a pullback similar to May-June would be a target of 1685 by Friday 13 December. Only a daily close above 1795 will change the trend. So I'm looking for a 3-5% pullback before the Santa Rally takes the market to a new High in 2014.
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