Should we expect a breakout or a rebound on SPX500?

Past performance is not an indicator of future results.
The movement of SPX500 towards the support line of a Channel Down is yet another test of the line it reached numerous times in the past. We expect this line test to happen in the next 16 hours, but it is uncertain whether it will result in a breakout through this line, or simply rebound back to current levels.

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