SPX500 is quickly approaching 3240.7500. We expect either a breakout through this line, or a rebound.

SPX500 is heading towards a line of 3240.7500. If this movement continues, we expect the price of SPX500 to test 3240.7500 within the next 8 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so this movement could be short-lived and end up rebounding just like it did in the past.