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USA Stocks Market Outlook

trading date: July 22, 2016 – 

The SPY is in a compression zone: one day it opens in gap up doing a new all time high and the day after it goes down.

The market could make a new all time high today but volume was too light than the average.

Resistance will lie at yesterday’s high at $217.22, followed by the all time high at $217.37.

Support will lie at yesterday’s low at $215.75, followed by $215.31 and then $214.35.

SPY22JULY SPY daily chart on 1Option Platform

F-lab on StockTwits

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