SPX500 – support line breached

Past performance is not an indicator of future results.
SPX500 has broken through the support line of a Triangle technical chart pattern. Because we have seen it retrace from this position in the past, one should wait for confirmation of the breakout before trading. It has touched this line twice in the last 5 days and suggests a target line to be around 2865.8471 within the next 18 hours.