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USA Stocks Market Outlook

trading date: April 24, 2017 –

The market finished again under the 50-day moving average. If the market was not able to rally during the start of earnings season a giant warning shot would have been fired.

Keep an eye on financials, they are the key to a market rally. Banks have been beaten down and they have room to run.

Resistance will lie at yesterday’s high at $235.31, followed by $235.85 and then $236.52.

Support will lie at yesterday’s low at $234.13, followed by $233.78 and then $233.18.

 SPY daily chart on 1Option Platform

F-lab on StockTwits

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