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USA Stocks Market Outlook

trading date: January 25, 2016 – 

The SPY tried to push higher in yesterday’s session through a breakout after a long period in which it was in a tight range.

We have decent earnings and the prospect for optimistic guidance. Lower corporate taxes and reduced business regulation will provide a healthy backdrop for profits.

Resistance will lie at yesterday’s high at $228.08, followed by $228.23.

Support will lie at yesterday’s low at $226.27, followed by $225.97 and then $225.48.

SPY daily chart on 1Option Platform

F-lab on StockTwits

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