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.