S&P 500 futures before opening bell

CHART-II

• S&P 500 Futures breaks out of the triangle and the spot breaks 1150 resistance

CHART-I

• S&P 500 Futures Hour chart is trading in a triangle. Price is approaching the apex of the pattern. The current price action seems to be favouring bulls.
• If the Triangle breaks out on the upside S&P 500 Spot may breakout above 1150 resistance.