SP:SPX   S&P 500 Index
Megaphone pattern on the monthly timeframe. If daily candle closes below 0.618 and the psychological level we could be looking for sells. If daily candle closes above we will be looking for buy positions. On the macro scale price could be looking to complete the 5th wave up top before the potential drop
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.