Heading into the New Year, we're looking ahead to the key levels that could play out for the broad indexes.
Perhaps the most important is the S&P 500 $SPY, which is currently knocking on the 161.8% Fibonacci extension of the decline early last year. The next level higher is 825, which would require a further +20% rally to achieve.
If the SPY breaks above 700, that's the likely next target we're looking at to the upside.
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