We have seen quite a turnaround in US stocks this week and S&P 500 is expected to test resistance at 2111. If this resistance doesn't hold then it could go all the way upto 2134 level. Whereas 2063 could act as support on any retracement to this level.

While other economic growth in Euro zone, China & Japan remain subdued, US economic growth remain stable and expectations are high on another rate hike by Fed's in coming months, as such we could see lot of buying interest in US stocks in next few weeks.

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