The movement of US 500 towards the resistance line of a Channel Up is yet another test of the line it reached numerous times in the past. This line test could happen in the next 20 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.
A Channel Up has formed, US 500 is approaching support. Can we expect a breakout and the start of a new trend or a reversal?
