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USA Stocks Market Outlook

trading date: December 15, 2016 – 

A bounce on yesterday’s session, supported by volume.

The FOMC was hawkish, but the market held up pretty well. 3 rate hikes are expected in 2017 and that is up from 2 hikes. Today, the downside can be tested.

Resistance will lie at yesterday’s high at $228.23, close to the all time high at $228.34.

Support will lie at yesterday’s low at $225.37, followed by $224.26 and then $221.38.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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