USA Stocks Market Outlook

trading date: May 20, 2016 –

Yesterday’s SPY movement is divided in two phases: at the beginning was bearish and after mid day was bullish.

Support will lie at $203.63, followed by yesterday’s low at $202.78.

Resistance will lie at yesterday’s high at $204.54, followed by $204.94 and then the 50EMA at $205.82.

SPY daily chart on 1Option Platform