Possible breach of resistance level by US SPX 500 Index

US SPX 500 Index is moving towards a resistance 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 SPX 500 Index continues in its current trajectory, we could see it reach 3831.1660 within the next 2 days.

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