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ivoxpaco

Looking for a sharp downside reversal in S&P futures

Short
S&P 500 E-mini Futures (CME_MINI:ES1!)  
ivoxpaco  
CME_MINI:ES1!   S&P 500 E-mini Futures
Elliott Wave Chart Patterns Technical Indicators S&P 500 (SPX500) Technical Analysis
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elliottwaves chartpattern indicator spx500 technicalanalysis
Prices completed an ending diagonal at 3233, where wave ((v)) is just above a typical .618 multiple of wave ((iii)). This implies a sharp reversal back to the origin of the pattern, which is 2923. A decline below 3120 would leave a corrective structure behind and provide initial evidence a reversal is underway.
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