Breach of important price line imminent by S&P 500

S&P 500 is moving towards a line of 3682.1001 which it has tested numerous times in the past. We have seen it retrace from this position in the past, so at this stage it isn’t clear whether it will breach this price or rebound as it did before. If S&P 500 continues in its current trajectory, we may see it move towards 3682.1001 within the next 19 hours.

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