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[Follow Up] Episode 3 - Bear Market Rally - Support/Resistance Testing - SPY - Upside on Wednesday? - 11/1/2022
SPY hit / held near resistance going into Friday close. Sell off/Consolidation today. The candle was below the previous day candle which could mean that it isn't a reversal pattern. I believe tomorrow we will see a slight higher start then test resistance, then head back down. Once AMD reports it will most likely shoot down to support again. The following day (assuming Fed Rates won't shoot market down) will shoot up as we saw on Friday.
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Follow The Trend is not a registered investment, legal or tax advisor or a broker / dealer. All investment / financial opinions expressed by Follow The Trend are from personal research and experience of the owner and are intended as educational material. Although best efforts are made to ensure that all information is accurate and up to date, occasionally unintended inaccuracies may occur.
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