The Fred Report - Mid Week Update May 3, 2023

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More of a correction would be confirmed by a move below 407, on SPY, very close to Tuesday’s low. Then a break of 400 would target 380 or so.  We note the McClellan Oscillator, at -95 or so, and stochastics plus other indicators, suggests more downside potential here.  Relax, as we should have a good buying opportunity over the next few weeks.



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