US 500 is moving towards a support line 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 US 500 continues in its current trajectory, we could see it reach 5916.7489 within the next 3 days.
US 500 is quickly approaching the support line of a Descending Triangle. We expect either a breakout through this line or a rebound.
