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USA Stocks Market Outlook

trading date:January 31, 2017 – 

Last week the market made a new all-time high as Trump executed his game plan. The promise of reduced business regulation and lower corporate taxes sparked buying.

The S&P 500 was down yesterday: there are nervous jitters ahead of the FOMC meeting on Wednesday.

Resistance will lie at yesterday’s high at $228.20, followed by $229.59.

Support will lie at yesterday’s low at $226.41, followed by $225.41 and then $224.96.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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