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USA Stocks Market Outlook

trading date: August 23, 2016 – 

The last two daily candles are the same: market is in compression area again. Volume is half of the normal level (average). The news is light.

Resistance will lie at yesterday’s high at $218.80, followed by the all time high at $219.50.

Support will lie at yesterday’s low at $217.83, followed by SMA20 at $217.64 and then $217.02.

spy23aug SPY daily chart on 1Option Platform

F-lab on StockTwits

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