01/23/2023

Mish Schneider | January 22, 2023

S&P 500 (SPY) Jan calendar range reset this week and SPY fails the 200 and is now slightly below the 200-DMA again and closed crossing above the 50-DMA, but very narrow price range to 200-DMA. Held pivotal support at 390 and 200-DMA is resistance. Russell 2000 (IWM) In better shape than SPY but still a nasty reversal and must hold 180 still. Filled the gap and first level of resistance 182 and overhead resitance at

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