SPXUSD shows more bottoming confirmation

24 mar 2020

Just a bit of backstory, but I was doing some market talk with my bro when I showed him this chart but in February when the Rainbow was at the yellow, saying we were crazy over-bought and that fool Bane-posted me.
youtube.com/watch?v=RZhp-Uctd-c

Now here we are just -30ish% later and:

• the rainbow is suggesting the (local) bottom is in.
  
• Not only that, but your muggle indicator, the RSI, is showing hidden bullish divergence (on the bottom there) And the RSI is getting tight as price action gets tight, predicting a powerful move
  
• FURTHER THAT, this modification of the MACD, which has the signal line move more around zero for finding local reversals, is positive and swinging upward and the histogram, which matches the normie MACD, shows hidden bullish divergence.
  
• FINALLYThe Bollinger band suggest that the most likey course of action, given the other indicators, is price action will finally mount the baseline and we start moving gracefully upwards.
  

I personally entered into my long position a few trading days ago and so I am roughly flat on my position. The linked ideas will give some more context to what I see going on with SPX/SPXUSD/SPY