Has the Standard & Poor's index started to recover?

After the significant declines seen in the US stock markets due to the tariff decision and uncertainty, which resulted in heavy losses for investors, the US500 index is now attempting to stabilize above the upward trend line shown on the chart, while the Stochastic indicator is crossing below in the oversold area.

Closing a weekly candle above this trend line could push the index higher, while a breakout below the trend line and closing beneath it could indicate further declines to lower levels.

What do you expect?

1. Maintain the upward trend and rise

2. Break the trend and decline