RealMacro

SPX Break Test Go or All Time Highs?

Short
FX:SPX500   Indice S&P 500
SPX is trading at a key area with mix messages coming from the price action. Is it a bullish wedge to break out to test all-time highs? or A break test go breaking of the longer-term channel? I will go with the "Break, test, GO!" and say short is the probability. Fundamentally speaking, isolating the #2 economy on the planet from the rest of the world is a negative for global GDP growth. As such future EPS will suffer as a result the longer this lasts. What do you think?

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