S&P 500. Correction coming soon?

2 Sep 2018

Here we have the Standard and Poor's 500 index. I've had a bearish outlook on the S&P 500 for a while, it seems to me that this bull market is running out of steam. And we can see a possible bearish butterfly pattern on the chart. My analysis is that when this butterfly pattern completes, it might bring the long awaited correction. We can also see the massive bearish divergence on the RSI. The peak might be near.