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[Follow Up] Episode 3 - Pop After FOMC Meeting Drop - Continued Upside?-Bear Market Rally-11/07/2022
Most of the sell off was given back on Friday. Nvidia is looking strong for the semis. SPY is still out of the minor trend, but it finished near a known resistance/support line. It is also showing a moving average is right around that same support line.
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I think SPY will pop up over resistance and moving average, test support, then shoot up.
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Its a far stretch, but I am going to estimate SPY getting back into the minor trend.
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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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