The Fred Report - Weekly September 13, 2021

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The situation here remains fluid and we are coming into options expiration this week, but we still believe this is an excellent chance for a drop that will lead to a fall buying opportunity.  SPY is at a key area as well – 445 is some support as well as a strike price. That is one reason why we think a bounce is likely, but this could break this by Friday. A move below 438 would project further downside.

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