Breach of support could mean a start of a bearish trend on SPX500

SPX500 has broken through a support line of a Descending Triangle chart pattern. If this breakout holds true, we expect the price of SPX500 to test 3136.0145 within the next 12 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.