S&P Breakout or Fakeout?
Updated
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.
Note
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.Note
Pretty good dayNote
This is what it looks like on the extend hours SPX500. 
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