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USA Stocks Market Outlook

trading date: February 09, 2017 –

The market trades again in a tight range, next to the all-time high.

Earnings season has been decent, global economic conditions are improving and the Fed statement last week was dovish. The backdrop is good for a breakout.

Resistance will lie at yesterday’s high at $229.39, followed by $229.66 and then the all-time high at $229.71.

Support will lie at yesterday’s low at $228.31, followed by $226.82.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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