@ecramer, the wedge can play out in many different ways ... retrace back to 2600ish and then retest ATH.. at that time we might see if the mega melt up will happen otherwise if will sink like a stone ~
@pittpitt123, At this point, I'm not sure if the green line (the top part of the wedge) can contain SPX. The breakout from 2700 in early Jan 2018 is similar to the breakout from 2600 in late Nov/Dec 2017. It can easily go to 2800.
@Teich50, overshoot is possible .. .. as the RSI is in super overbought condition with strong momentum .. nonetheless i will see there chance for a >3-month consolidation (as in 1986/1996/2007), after then market either drop like shit or up to moon as multi-year wedge break always a big big move ~take this chance to go bankrupt or get retired :)
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