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A quick move expected on SPX500 as it starts approaching a support line of a Channel Up

SPX500 is heading towards the support line of a Channel Up 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.

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After testing the support line numerous times, E-mini S&P 500 SEPTEMBER 2019 is once again approaching this line. Can we expect a bearish trend to follow?

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A quick move expected on EUR/USD as it starts approaching a resistance line of a Channel Down

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