Breach of resistance line imminent by US SPX 500 Index
US SPX 500 Index is moving towards the resistance 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 US SPX 500 Index continues in its current trajectory, we can expect it to reach 3867.3000 within the next 2 days.
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