High Risk Low Reward

The S&P is not looking like a safe place to hold your assets. A huge head and shoulders may be forming on the monthly chart with a measured move down to 1787. The true support I see when taking a quick look at the chart is all the way down at 1556. RSI just made a lower low and has a long way down until oversold conditions. The MACD has painting record sell pressure. SPX looks like it's about to cliff jump!