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In today's Common Sense market analysis, David Frost discusses the daily chart of the S&P 500 through the proxy of the Spy or spider. After anticipating a bounce, the market found resistance at the 50 period moving average on the daily chart. However, the critical area to watch is at 385.64, derived from a previous breakup candle low that has now been retested and closed above. This level remains crucial for further market movement.
