Will EUSTX50 have enough momentum to break resistance?

Past performance is not an indicator of future results.
EUSTX50 is heading towards the resistance line of a Channel Up and could reach this point within the next 3 days. It has tested this line numerous times in the past, and this time could be no different from the past, ending in a rebound instead of a breakout. If the breakout doesn’t happen, we could see a retracement back down to current levels.