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1/22 Market Forecast

|Includes: SPDR S&P 500 Trust ETF (SPY)

Last Friday i mentioned that I was looking for the market to go down a tad and then higher highs than last week. At this point we have the tad of a pull back and higher highs than last week are next on the agenda. With the pattern in place the new highs warrant caution.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.