SPY Support Held – Now What?

November 18, 2022
Author: Peter Stolcers, Founder of OneOption

Yesterday the SPY tested the 100-day MA and it bounced. Here's what we learned.

PRE-OPEN MARKET COMMENTS FRIDAY – Since the breakout a week ago on a lighter than expected CPI, the volume has dried up. The SPY checked the 100-day MA yesterday and that support level held. This morning the S&P 500 is trading 35 points higher. The overnight news is light.

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