SPX500 is moving towards the support line of a Channel Up which it has tested numerous times in the past. We have seen it retrace from this line before, so at this stage it isn’t clear whether it will breach this line or rebound as it did before. If SPX500 continues in its current trajectory, we can expect it to reach 2972.5000 within the next 4 days.
Important support line being approached by SPX500. This price has been tested numerous time in the last 17 days
