SPX500 Losing momentum, expecting it to turn downwards

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No positions yet - will wait for confirmation of bearish market structure before entry.

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[trade][/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.

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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.

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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.

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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.

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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.