
US SPX 500 Index – resistance line breached
US SPX 500 Index has broken through the resistance line of a Baixa Dupla technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 4131.1441 within the next 12 hours.
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