The Fred Report - Weekly October 24, 2022

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More important to the health of the current rally attempt is how QQQ handles the resistance at 277 to 278.  We would like to see some more backing and filling – a straight shot up would probably be a good short sale.  Rates should now stabilize in this area as FVX tested 45 and has had a reversal bar on the short-term chart. If this area is exceeded soon, FVX should go immediately to 50. Indicators suggest that this 45 area will be exceeded but not right away.

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