The Fred Report - Mid Week Update October 21, 2020

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While many market pundits are looking at the Head and Shoulders breakout areas as support that cannot be broken, we actually think some weakness as the stochastics come down is possible.  Everyone is looking at 342 on SPY, 280 or so on QQQ, and 73 on IJR as “must hold” supports, but we can see some probing lower as part of this consolidation.



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