TA-based $SPX reversal scenario.

Basis:
- Convex arc forming
- Confirmation via 4H RSI, MACD bull div
- MS just flipped bullish, though more confirmation would be ideal

Expecting:
- Test / sweep of range low, then a flip of the range high
- Then continued upward movement

1/ https://twitter.com/FangTrades/status/1235383781919518720">https://twitter.com/FangTrade...

2/ Play forward my prediction here: https://www.tradingview.com/chart/SPX500/CYlxfRjY-TA-based-SPX-reversal-scenario/">https://www.tradingview.com/chart/SPX...

3/ $SPX is playing out a range flip - bullish!

Not sure of the exact trajectory though - expected possibilities mapped out on the chart.

Main bearish argument is decreasing upward momentum / new concave arc. I think we& #39;ll see downside come April open, and upside thereafter.

4/ I have no comments on the macro situation - that& #39;s not my game. My top recommendation for that kind of analysis is @krugermacro - mad respect for that dude.

5/ $SPX Update: Nailed it this time, though it& #39;s long term holdings only - no leverage. Expecting uptrend continuation to the 15th at least. I think we get a retrace first, to as low as ~2500. Break lower than 2430 and the idea is invalidated, downtrend continuation in that case.