#S&P500 update S&P 500 is attempting to break out of the descending trendline after bouncing from the strong horizontal support. MACD crossover is showing bullish momentum. A solid breakout of the descending triangle would confirm the continuation of the upward direction. A continuous rejection would result in a downward, which would be a sign of further consolidation below the descending trendline. 158 views19:13
