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USA Stocks Market Outlook

trading date: March 14, 2017 – 

Last week the market drifted lower and the breakout at SPY $237 was tested. Stocks bounced off of that support level after a strong jobs report Friday and we should see the next leg of this rally after the FOMC meeting Wednesday.

The probability of a rate hike is now at 100%.

Resistance will lie at yesterday’s high at $237.86, followed by $238.61 and then $239.57.

Support will lie at yesterday’s low at $237.24, followed by $236.59 and then $235.74.

SPY daily chart on 1Option Platform

F-lab on StockTwits

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