SPX Daily Chart Pitchfork Targets

A look at the pitchfork set up for this year shows targets at 1170-ish and 1120-ish, which were the most critcal support/resistance levels over the last week. Note the lower tine of the pitchfork ultimately targeting price to meet with fate at 1045-1050. You will know this is coming if you see the intraday 1100 support level fail. Indicators are all lower relative to previous months further indicating that a meeting with 1050-ish is more than likely in our future. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here or any links connected to this information. Consult your financial advisor before making any investment decision.