Индекс S&P 500
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monitoring Sunday nite on futures bearish 3 drive pattern

Bearish sentiment on 4hr set up. I do have puts targeting 479, which was C leg of the bullish cypher on spy.. here on SPX we have bearish sentiment above the clouds along with a bearish 3 drive pattern near the 1.618 (I have 1.619) also if 4800 breaks, we could see a retrace to 4750 which is also near the 1.618 fib level from b to x leg, and it lines up with the .618 fib level retrace. Also there is pressure from bitcoin to maintain 40,700 level. If that level fails, it will weight heavy on the sp500
Chart PatternsTrend AnalysisWave Analysis

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