SPX500 is heading towards the support line of a Triangle and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.
Related Posts
There is a possibility of a big movement on AUS200 after a breach of the resistance
AUS200 has broken through a resistance line. It has touched this line at least twice in the last…
UK100 – It’s perhaps in these huge moves where the greatest opportunity lies
A movement of 5.01% over 12 days on UK100 doesn’t go unnoticed. You may start considering where it’s…
Big movement possible on US30 after a breach of 38492.0000
US30 has broken through a resistance line. It has touched this line numerous times in the last 7…