This week, I hope US data will be positive to bring momentum for US Stock market to break this resistance.
- Consumer Confidence.
- Markit PMI
- Durable Goods Orders
- PCI data
- New Homes Sales.
- Personal Spending + Income
All pieces of data would be the guideline for US equity this week.
We only two options :
- IF SPX breaks 1940 : Buy SPX to 1995
- If SPX bounces at resistance, Sell to 2015 low.
USDJPY will follow the move of SPX .
Buy USDJPY if SPX goes up, Sell it if SPX goes down.