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