Demosaw Yes there is a low probability that the SPX_MONTHLY chart will not work this time.
But there is a higher probability that it will work. IMHO
Right now 21 countries out of 22 have a positive up trend based on price above the 10 WMA.
PS: As stated before on this board, I am willing to go short after I see a TOP looking back 2 days. And my RETRACE THEORY says we will go back to SPX 956.23 at least.
So it is just a question of when you and I go short.....