SPX Aabove 2090 would mean that there will be no break on the downside.
To the contrary, if the index stays in the triangle, then the possibility to break the wedge increase. Therefore the break will happen with 2002 as an initial target.
On macro economic terms, bare in mind that Positive US Economic data would increase the chance of FED to increase by 0,25 base point the interest rate in September 2015, i.e this will have a short term impact on the index.
An agreement between E3+3 and IRAN that could be sealed in the US would favor SPX companies that may have a possible trade with IRAN with the lifting of the embargo.
To the contrary, if the index stays in the triangle, then the possibility to break the wedge increase. Therefore the break will happen with 2002 as an initial target.
On macro economic terms, bare in mind that Positive US Economic data would increase the chance of FED to increase by 0,25 base point the interest rate in September 2015, i.e this will have a short term impact on the index.
An agreement between E3+3 and IRAN that could be sealed in the US would favor SPX companies that may have a possible trade with IRAN with the lifting of the embargo.
