Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

Monthly S&P 500 Strong Resistance

|Includes: DIA, QQQ, SPDR S&P 500 Trust ETF (SPY)

In my opinion price of the S&P 500 is converging on important long term resistance. Caution is warranted!

 Monthly S&P 500 Chart

Disclosure: I am short QQQ, OEF.

Additional disclosure: please view other charts that also suggest a correction might be coming in this timeframe