Pashabxl
Short

SPX: Towards a correction

SP:SPX   The S&P 500 Index
SPX             is still the a raising wedge pattern. Technical indicators shows clearly that we are at an overbought level. Therefore the index may face a technical correction ,and may be a short term reversal as well.
Anyway, many attempts to break over 1925 but none of them were successfull and powerfull enough to install SPX             above that level.
On a purely macro economic terms, bare in mind the end of QE3 from FED and the tappering program, the possible increase of interest rate from FED based on inflation risk.
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