The S&P is looks to be gunning for that1550 level.
Probably the 1580 area.
It needs to seriously hold those levels, because if it fails there, then Houston we have a problem, because would this be a triple top?
Whats throwing me is the time frame, not sure if triple tops work over a long time frame like this, but maybe someone else would know.
This is a Monthly chart of the S&P going back to the mid 90s to present.
We're not far away from those levels at all, the problem lies in what happens if we don't break and hold them.
😱