China and Oil bottomed. Let the March 2016 rally begin!

The S&P 500 has created a nice launch pad for a very strong rally in March.

China bottomed (1), Oil double bottomed (2) and on the S&P 500 daily chart the MACD histogram is bullish , as well as the Vortex trend and the SMA 14. and many other indicators.

Entry: Below 1940 (current close around 1930-1935)
1. Target: 1970
2. Target: 2014
3. Target: 2060
Stop loss: 1880

(1)

(2) www.tradingview.com/...17-is-25-per-barrel/

Comment:

26 days later the S&P 500 has rallied strongly and approached closely to my resistance of 2059 points with a potential trend reversal after the terror attacks in Brussels today (March 22).

I noticed a bearish divergence on the MACD in comparison to the rally: