SPDR S&P 500 (SPY): I feel we will not see much range up or...

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Friday, 05/13/2016 4:05:10 PM

Friday, May 13, 2016 4:05:10 PM

I feel we will not see much range up or down in the upcoming months. Someone pointed out how the market went sideways for 12 years about 40 years ago. SPY could trade near 208 for the foreseeable future. Most are expecting some kind of meaningful move in either direction. Those expectations may go unrealized. The feds monetary policy decisions and direct manipulation of the market reduce the downside risk. Earnings and other outlying economic fundamentals reduce upside potential. I'm acclimating myself to trading the range we are in.

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