SP500 has opened the year weak with a move down to 1989 in the first week of 2016. Initial potential downside target is 1975 with any move below 1850 warning of a bear market in 2016.
Bulls will want to see a weekly close above 2100. Bears will look for a weekly close below 1900.
2016 target range is 1800-2100
Bulls will want to see a weekly close above 2100. Bears will look for a weekly close below 1900.
2016 target range is 1800-2100
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