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hey Traders David Frost my strategic forecast youre here for another episode of Common Sense market analysis today is Wednesday December 21 2022. were looking at a daily chart of the Spy or spider which is the proxy for the s p 500. what do we have on the docket today lets start with were looking for a bounce that was the title of last nights video we talked about it for about eight to ten minutes last night were looking for a bounce theyre starting to bounce so today they came up and found resistance at the retest of the 50 period moving average on the daily chart they broke it for a couple three days they came back for the retest but thats not really all they did can anybody see what the real critical area is on the Spy its something we talked about about several times and we cant yet discount the importance of 385 64. where does it come from it comes from the breakup candle low that was gapped below and now theyve come back for a retest and closed above it its not an en