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USA Stocks Market Outlook

trading date: January 24, 2016 – 

Trading volumes are anemic and the market is stuck in a tight trading range.

Earnings season is typically bullish, but investors are nervous about Trump’s first weeks in office and the upcoming FOMC meeting in 10 days.

Resistance will lie at yesterday’s high at $226.73, followed by $227.31 and then $227.75.

Support will lie at yesterday’s low at $225.27, followed by $224.96 and then $223.88.

SPY daily chart on 1Option Platform

F-lab on StockTwits

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