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Dr_Roboto

S&P Breakout or Fakeout?

S&P 500 (TVC:SPX)  
Dr_Roboto Aggiornato   
TVC:SPX   S&P 500
Trend Analysis Chart Patterns SPX (S&P 500 Index) PSY IVV DJI S&P 500 (SPX500)
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trendanalysis chartpattern spx psy ivv dji spx500
S&P broke above resistance trend line of the down channel yesterday. Is this a breakout with more upside or a fakeout? Trading rules say we should look for a test of the trend line before confirmation of the breakout. Market really wants to put 2022 in the rearview mirror, but let's see what happens.
Commento:
Here is a look at SPX500 that also contains extended hours trading, and you can see that price still has not breached the trend line and is testing it now.
snapshot
Commento:
Pretty good day
snapshot
Commento:
This is what it looks like on the extend hours SPX500.
snapshot

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