The S&P 500 has breached 3030.00 price barrier and has reached new highs, but the breakout could potentially face a critical challenge at around 3142.00. The current price pattern already formed a left shoulder and could create the head price pattern if it fails within 3030.00 and 3142.00 price range. This could create a similar effect as the October 2018 pullback with a loss of about 600 points
