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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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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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