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USA Stocks Market Outlook

trading date: February 17, 2017 –

The first red candle after five strong bullish days. The pattern is always in favour of a long position. Be patient and wait for support to be established.

Resistance will lie at yesterday’s high at $235.16, the new all-time high.

Support will lie at yesterday’s low at $233.85, followed by $233.89 and then $232.16.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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