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USA Stocks Market Outlook

trading date: June 27, 2016 – 

A terrible Friday for all markets: it is possible a small powerful bounce. After that, Bearish phase will continue for long time so less violent than Friday.  Timing is very difficult: it’s dangerous take a short position now.

SPY traded in a very wide range on Friday.

Support will lie at Friday’s low at $$202.72, followed by $202.40 and then $201.74 and $201.05.

Resistance will lie at 100-Day MA at $203.38.

spy27juneSPY daily chart on 1Option Platform

F-lab on StockTwits

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