I use tradingview charts and I have drawn a precise down trend line from the 2011 peak on the monthly chart.
We are at a critical moment this quarter as we are again very close to breaking this down trend line to the upside.
For the month of July 1260.85 is the precise number that if we trade ABOVE it I consider it a breakout of the down trendline.
For August we must be above 1252.74
If a breakout is going to occur from this multi year trendline basic market principle says that it must be a substantial and strong move. Why? Because this would confirm it as a breakout.