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[Follow Up] Episode 3 - Bear Market Rally Sell Off HUGE - SPY Hit/Tested Main Support Line - 10/28/2022
Apple and Amazon had a huge sell off. Apple came back to finish above the closing numbers. Overall pretty rough day for SP500 and Tech Stocks. I am glad to see Intel did well today. I am still following semi's SOXL/SOXS and looking forward to next week.
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We shall see what Friday has for us, but from the looks of it SPY hit the main support line for the 3rd time. Oct 13th, Oct 21st, and Oct 27th.
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My thoughts would be that we will test the support line again and look to rebound.
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