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Charting the S&P 500

It's time for "Chartology!"

Monday's segment charted where the S&P 500 could go. Carter Worth, chief market strategist at Oppenheimer Asset Management, took a technical look at where index may be headed.

Watch the video to get his technical analysis.


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Trader disclosure: On Sept. 12, 2011, the following stocks and commodities mentioned or intended to be mentioned on CNBC’s "Fast Money" were owned by the "Fast Money" traders; Jon Najarian owns call spreads in (ANF). Jon Najarian owns call spreads in (AAPL). Jon Najarian owns call spreads in (XOM). Jon Najarian owns (CIGX). Tim Seymour owns (AAPL), (BAC) and (INTC). Guy Adami owns (AGU), (C), (GS), (INTC), (MSFT), (NUE) and (BTU). Dan Nathan owns (AMZN) puts. Dan Nathan owns (AAPL) calls. Dan Nathan owns (BAC) puts. Dan Nathan owns (GS) calls. Dan Nathan owns (JPM) puts. Dan Nathan owns S&P 500 puts. Joe Terranova owns (XOM), (DIS), (WFM), (LULU), (MSFT), (TM), (JWN), (ORCL), (PEP), (MA), (BX), (GS), (DAR), (CAT), (VRTS), (AAPL), (CAT), (CVI), (IBM) and (FCX).

Joe Terranova
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Terranova is Chief Market Strategist of Virtus Investment Partners, LTD
Virtus Investment Partners Owns More Than 1% Of (ABAX)
Virtus Investment Partners Owns More Than 1% Of Building Materials Holdings
Virtus Investment Partners Owns More Than 1% Of (CASS)
Virtus Investment Partners Owns More Than 1% Of (CSVI)
Virtus Investment Partners Owns More Than 1% Of (EXR)
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Virtus Investment Partners Owns More Than 1% Of (NRCI)
Virtus Investment Partners Owns More Than 1% Of Sun Pharmaceutical Industries Ltd
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Virtus Investment Partners Owns More Than 1% Of (XLB)
Virtus Investment Partners Owns More Than 1% Of (XLV)
Virtus Investment Partners Owns More Than 1% Of (XLP)
Virtus Investment Partners Owns More Than 1% Of (XLE)
Virtus Investment Partners Owns More Than 1% Of (XLF)
Virtus Investment Partners Owns More Than 1% Of (XLI)
Virtus Investment Partners Owns More Than 1% Of (XLK)
Virtus Investment Partners Owns More Than 1% Of (XLU)
Virtus Investment Partners Owns More Than 1% Of (SUBK)
Virtus Investment Partners Owns More Than 1% Of (WDFC)
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Virtus Investment Partners Owns More Than 1% Of Domino's Pizza UK & IRL PLC

CNBC.com with wires.