The breakout of SPX500 through the support line of a Channel Up could be a sign of the road ahead. If this breakout persists, we expect the price of SPX500 to test 2911.8540 within the next 3 days. One should always be cautious before placing a trade, wait for confirmation of the breakout before putting any money down.
After testing support twice in the past, SPX500 has finally broken through. Can we expect a bearish trend to follow?
