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USA Stocks Market Outlook

trading date: February 07, 2017 – 

The price action remains choppy and we need to see follow-through buying in the next few days.

Earnings season has been decent, but mega cap tech stocks have reported and we won’t have that catalyst.

The Fed was unanimous in this decision to keep rates unchanged. They said employment growth is improving and economic risks are balanced.

Resistance will lie at yesterday’s high at $229.33, followed by $229.55 and then $229.71.

Support will lie at yesterday’s low at $228.54, followed by $226.82 and then $226.32.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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