For next 3 weeks: SPX may be in a zone supported by 200 days-MA and cap by 1339.xx

SPX next 3 weeks with traditional view
I think problems of Europe especially the uncertainty of Greece as an Euro-zone member and Spain's banks reform will keep the price under 1339.xx.
The US economic recovery combining with the 200days-MA will act as a strong support until the Greece's June 17 election.

Trading idea
Markets showed high volatility these days and my cautious view says that until the price can clear out the zone [1282.xx - 1339.xx] for a new trend (up) established or the old trend (down) resuming, trading is very short-term and high-risk.

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