To continue with the previous post in which we measure the SPX in euro, we notice the critical resistance reached.
In the previous post on the S & P 500, we highlighted a down trend-line that was acting as a resistance. But this red down trend-line have been broken. Then, I think 1222 in S & P are possible, but respecting the trend-line from 1962 (green dotted line). The green trend line cross 1222 in October 2010.
Quarterly chart S & P 500: