We can anticipate one of three possible price movements:

1) Price Surge: There's a possibility that prices will rise unexpectedly. Although this scenario seems unlikely due to the absence of indicative signs, if it does occur, the next resistance level to watch for is the historical maximum. A breakthrough without resistance could lead to a significant surge. A rebound will mean either confirmation of the bears’ strength or the market moving sideways.

2) Retesting the Support Line (White Line): This scenario is more favorable as it would validate the new support line. It also provides an opportunity to increase our holdings in the current positions. However, to minimize risk, I recommend not opening new positions until we've breached the historical maximum.

3) Bottom of the New Channel (Yellow Line): The price may hit the lower end of the new channel, aligning with the bottom of the expanded channel. However, I believe the likelihood of bears breaking through this level is low, so we'll set aside this possibility for now.

These are the main scenarios to consider. Remember, each outcome presents its own set of opportunities. Stay composed and ready to adapt.
Chart PatternsTechnical IndicatorsSPX (S&P 500 Index)S&P 500 (SPX500)Trend Analysistrending

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