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USA Stocks Market Outlook

trading date: March 02, 2017 –

Yesterday, before the opening, The S&P 500 was up 16 points and Trump’s speech was well received.

A big gap higher like this will attract bullish speculators. Once the early excitement wanes we could see profit-taking.

Resistance will lie at yesterday’s high at $240.32, the new all-time high.

Support will lie at yesterday’s low at $238.37, followed by $236.02.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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