My idea is about what could happen to S&P500INFT according to the Trump/USA vs Xi/China trade conflict. Imho the possibilty of a trade deal is not very high, but it's also very unlikely that the conflict escalates to a real trade war. S&P500INFT chart signals that a decision will be made very soon and I guess there is a broad spectrum of possible outcomes of what could happen.
If ecoomical growth slows down and trade war escalates even further, stock markets are likely to crash - especially the S&P500 INFT would suffer a lot. If a deal US/China becomes reality, we could see stocks rising till early 2020.
This is my opinion and as you can see, it is very unclear. I would be very happy if anybody would publish some serious thougts about S&P500INFT.
There is another influence: Trump wins election in Nov. and goes ballistic on stocks like GOOG, FB, TWTR and other left-leaning Techies. If I were in his shoes - they´d be toast.