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In this video tutorial, David Frost provides a Common Sense market analysis for the Spy or spider, the proxy for the S&P 500. He discusses the bounce that was anticipated in the previous video and notes that the price found resistance at the retest of the 50 period moving average on the daily chart. The critical area to watch is identified as 385.64, which is the breakup candle low that was gapped below and has now been retested and closed above. This area remains important for future price movements.
