Breach of 2997.5000 could mean a start of a bullish trend on SPX500

SPX500 has broken through a line of 2997.5000. If this breakout holds true, we expect the price of SPX500 to test 3007.6001 within the next 16 hours. But don’t be so quick to trade, it has tested this line numerous times in the past, so you should probably confirmation the breakout before placing any trades.