The breakout of SPX500 through the 2986.5000 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, we expect the price of SPX500 to test 2992.3750 within the next 6 hours. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing 2986.5000 numerous times, SPX500 has finally broken through. Can we expect a bullish trend to follow?
