Looking at the monthly Chart of the SPX price has stopped at the top of the Schiff Pitchfork. If price rejects this pitchfork by the end of the month will go short with looking for a retest of the 1400 area on the SPX. Risk Reward for money managers now not in a good position as they look at the monthly charts.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.