Mar 19 TA
SPX retested under 2350, and recovered to close above 2400. COVID-19 cases exceed 10K and Govt stimulus is still getting prepared, so no relief yet.
Macro FV is falling to 3125-3155. On the Dec 2018 dip, I forecast a V-Shaped Rally because Macro continued to improve (positive divergence). Now the bounce will likely be more volatile as Macro has recent weakness. Many expect a retest after big bounce, but I’ll be monitoring Macro when Price finally moves up.
Should SPX ever get back over trendline at 2580, there’s Fib levels of 2700 and 2850 above.
Holding all longs. I’ve started to day trade dips again.