MarketMatt Channel commented on a stock · Nov 23, 2022 09:29

Break out SPY

i’ve been mentioning consolidation in the market since last Friday, the spy found support at $393, $394, $393, $394, and then finally at $392.70, the spy, then had to deal with the supply zone 397.80, broke through today

I expect 401 to be the next test, and then 405, which will likely act as rejection, but could turn to support if the market gets stronger, and then 409, if the market retracts a little look for support at the previous resistance level which is $397.80

please join me tomorrow morning at 8:30 AM on my YouTube live stream, I do it every morning I talk strategy, analytics, and spy ranges

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MarketMatt Channel OP : Nailed it llet's see what Friday brings

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