Breach of resistance could mean a start of a bullish trend on SPX500

SPX500 has broken through a resistance line of a Channel Down chart pattern. If this breakout holds true, we expect the price of SPX500 to test 3095.1061 within the next 21 hours. But don’t be so quick to trade, it has tested this line in the past, so you should probably confirm the breakout before placing any trades.