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FangTrades

SPX500 Losing momentum, expecting it to turn downwards

Short
S&P 500 Index (FX:SPX500)  
FangTrades Updated   
FX:SPX500   S&P 500 Index
Chart Patterns
4
0
chartpattern
No positions yet - will wait for confirmation of bearish market structure before entry.
Comment:
snapshot

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.
Comment:
Comment:
snapshot

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.
Comment:
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.
snapshot
Comment:
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.
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