$SPY Monthly Chart - Still Bullish Long Term
Although December 2014 was a choppy month, the long term bull trend is alive and well. The bears have a lot of work to do to change this thesis. I would not be surprised to see a correction to tag the Lower Bollinger Band / 0.618 Fib line at 157, at some point in the near future, as a true correction is long overdue. I still believe there is way too much negativity and fear out there for this to be "the top".
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