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USA Stocks Market Outlook

trading date: February 28, 2017 – 

Friday’s price action was bullish and it shows that buyers are still engaged.

This rally still has room to go, but the gains will be hard-fought. We can expect a series of moves higher and price consolidation after each one.

Resistance will lie at yesterday’s high at $237.31, the new all-time high.

Support will lie at yesterday’s low at $236.35, followed by $235.41.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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