Just A Pullback?

We don't have much time tonight so we'll keep it brief. If you look at the attached SPY chart, you'll notice that this pullback today was merely just a healthy correction in this persistent uptrend. We are watching carefully to see if price will breach our important support level of SPY 120.50 in the next few days. If it does not, we expect a rally into year end that should take us to new highs.

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