ETF Prophet

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Mr. Ice

A furious mean reversion bounce took place this week with AAPL and beaten down tech leaders bouncing strongly.  We are close to the 200 day moving average at 142.7 SPY and many have resistance right where we closed on Friday.  A move to test the 200 day would not surprise, but at some point we may get a retest of the recent 134.7 low.   Thin holiday volume probably helped the bulls as well, but could lend to more volatility.  Happy holidays.

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