Re: S&P 500 (SPX) next move? ..... *PIC*
.. SPX peaked @1570.22 on Thursday; .. the news blows .. is testing the 2007 high (@1576.09). If it breaks the 2007's high this week, ... would be great news! What's next? Will it inject above 1580? .. less likely, as the commodities (p.s. red line in the monthly chart) and USD (blue line) are not aligning with this game. A decline to 1500 is expected with high probability.
Trade Well!
J.