S&P 500: Watch the resistance 1940 to trade this week.

Last two weeks, we saw a great effort of SPX to bounce from 2015 low to test resistance at 1940

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
- GDP
- 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 resistance level : 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.