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USA Stocks Market Outlook

trading date: March 23, 2016 –

The SPY attempted to hold above the most recent pivot level and closed higher in yesterday’s session on light volume.

Support will lie at the low of yesterday’s range at $203.57.

Resistance will lie at the high of yesterday’s range at $205.23 which also coincides with Thursday’s high, forming a double top.

Tech stocks look good and biotech is catching a bid.

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