Forecast for S&P 500 - levels and targets: bullish breakout

S&P 500: bullish breakout. The price is on bullish market condition with the ranging within the following key support/resistance levels:

• 2134.42 key resistance level located above Ichimoku cloud in the bullish area of the chart, and
• 1863.12 key support level located below Ichimoku cloud in the bearish area of the chart.
  

The price is crossing 2094.04 resistance from below to above on weekly bar with 2134.42 as the next bullish target. Chinkou Span line is located near and below the price to be ready to cross it from below to above for good possible breakout. Absolute Strength indicator is estimating the bullish trend will be continuing in a good breakout way.

• if the price breaks 2134.42 resistance so the bullish trend will be continuing without secondary ranging;
  
• if the price breaks 1863.12 support level so the price will be reversed from the primary bullish to the primary bearish market condition;
  
• if not so the price will be moved within the channel.