USA Stocks Market Outlook

trading date: August 22, 2016 – 

Market is in compression again, near the all time high at $219.50. Volume is half of the normal level.

Support will lie at friday’s low at $217.74, followed by SMA20 at $217.54 and then $217.02.

Resistance will lie at friday’s high at $218.75, followed by $218.90 and then the all-time high $219.50.

 SPY daily chart on 1Option Platform

F-lab on StockTwits