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USA Stocks Market Outlook

trading date: October 24, 2016 –

The SPY closed the last week below SMA100. Seasonal weakness is over and mega cap tech stocks will post earnings.

The market is waiting for a news: Nov FOMC and the election are the next 2 big events.

Resistance will lie at friday’s high at $214.08, followed by $214.53 and then $214.69.

Support will lie at friday’s low at $212.76, followed by $212.17  and then $211.21.

spy24oct SPY daily chart on 1Option Platform

F-lab on StockTwits

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