OCT.12,2018 S+P 500 Weekly Rising Wedge Inflection Point !

SPCFD:SPX   S&P 500 Index
169 5
S+P 500 is currently in a Rising Wedge formation for 2018, on the Weekly Chart.
The Apex of the Triangle goes out for another 8 weeks in time, until precisely Friday Oct.12, 2018 at a price of 2863.43

Time wise, we may be hostage to a very volatile, though tight trading range in the S+P for yet another couple months.
The Technical Expectation of the Rising Wedge ultimately is a Sharp Break to the Downside, at the Apex of the Triangle.

The month of October is known for some of the most dramatic declines in stock market history, including 1929 and 1987.
Have your long term charts, both weekly and monthly, as well as being aware of circuit breakers + limits on the S+P each day.

October 2018 will probably go down as one of the most memorable months in stock market history.

The_Unwind judejames

Ok.Certainly you have trend supporting you, at the moment.
But have you looked at the RSI divergences that are showing up on the Daily Chart ?

Make sure you have an exit strategy, when/ if the S+P becomes "limit down".
It all good till the fat lady sings. as they say.
judejames The_Unwind
@The_Unwind, i can see them, first let me ses 2885.
Why not show the wedge with some lines??
The_Unwind tbuckle

I am dealing with colored dot corruption on my longer term weekly charts,
and am trying to get that issue resolved.

Putting the wedge up, with some lines is obviously what should have been done.

Thank you.

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