SPX500 Losing momentum, expecting it to turn downwards
Updated
No positions yet - will wait for confirmation of bearish market structure before entry.
Note
[trade]It's on the way. Adjusted everything forward in time a bit because it's taking longer than expected. x axis doesn't really matter anyway.
Note
https://www.tradingview.com/x/XyUbUQXi/[/image=]Lower low painted, bearish market structure established. Now expecting a retrace up to the B2 area. The break below A4 was deep though; might not make make it all the way up to the box.
Note
First leg down completed, bearish market structure confirmed. Bears showing passive strength with a CVD divergence.
Looks like we'll see a leg up soon - MACD divs + RSI div, LTF HH, bullish engulfing candle pattern.
Note
Oil dropping over 30% today completely destroyed the 
SPX index. This arc idea is now invalidated. Was hoping to short after a rally to B2 area. No setup, no trade.Note
Turns out my original SPX prediction nailed the eventual price and time, even though it turned out to be a straight shot instead of several fluctuations up and down.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.