The chart is pretty self explanatory. I think we will hit that orange line in late December. There are a few things going on there and while a bounce would seem likely I it is a 50/50 as to whether it ends up holding or breaking down. If it holds I expect mostly sideways trading until Summer of 2019. If it breaks down we would be looking at a potential head and shoulders pattern that could end up retracing virtually all gains.
Comment:
Looks like we will get that hit.