S&P500 Bearish BAT, W candle closed below 88.6%

SP:SPX   S&P 500 Index
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S&P 500             had a good rally since mid Feb 2016.

It now has formed a Bearish BAT . price level wise, last W candle closed nicely below 88.6%. time wise, it just formed the pattern right at 1.382 time extension of XB.

1st Target 1995 and then 1925.
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