SPX500 ,,, Probability of BreakoutUptrend
As seen in the chart, the S&P 500 has been in a prolonged uptrend. By focusing on key highs and lows, my prediction is that the index will break out of its current level this week. The next target level is 6270, after which I anticipate a pullback to the newly broken level.
Overall, I remain optimistic about the market and recommend identifying stocks with strong upward momentum. Consider establishing new buy positions following the breakout.
Good luck.