TradingView
tradingzebras
Nov 24, 2018 9:32 AM

Top forming some time in March-Apr 2019? 

SPDR S&P 500 ETF TRUSTArca

Description

Just an idea,
Hourly descending wedge (bullish) could shortly bounce off the trend line that began July 2017.
Medium term RSI trend could then signal a run into the new year before long term bearish trend causes top to form some time around March-Apr 2019. May be a right shoulder, or a double top before monthly bearish convergence finishes off the bull run.
Longer term outlook would be fibinacci 23% and eventually the 38%

Comments
tradingzebras
I meant divergence, not convergence.
More