SPX500 is heading towards the support line of a Channel Down. If this movement continues, we expect the price of SPX500 to test 2901.0000 within the next 12 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.
SPX500 is quickly approaching the support line of a Channel Down. We expect either a breakout through this line or a rebound.
