S&P 500 Possible Breakout above Resistance!

The S&P 500 had hit resistance in a channel for two times. Both of the times it failed, and went back to support. On the third time, it hit it and then made a tiny pivot. Then it just climbed back up to resistance, and that is where we are today. The S&P 500 may break above because when the index had a small pivot, it gained buying pressure, and was not as overbought. I advice to wait and see what happens, and even if it breaks above it, it will most likely have a test. Which means that it will come back down on top of resistance, and if it passes the test, then it is a true breakout.