[Follow Up] Episode 3 - Bear Market Rally - Support/Resistance Testing - SPY - Upside on Wednesday? - 11/1/2022

2 years ago
95

SPY hit / held near resistance going into Friday close. Sell off/Consolidation today. The candle was below the previous day candle which could mean that it isn't a reversal pattern. I believe tomorrow we will see a slight higher start then test resistance, then head back down. Once AMD reports it will most likely shoot down to support again. The following day (assuming Fed Rates won't shoot market down) will shoot up as we saw on Friday.

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