First thing here is the on the 15m that terminates pretty nice at a cluster. Since we had a pretty strong upmove recently in the S&P i think its time for a bigger correction (to the downside here) so i wouldnt suggest goin for trendcontinuation targets. Also keep your stop tight below X and move them fast while taking quick profits. We will most likly see an ABC correction (to the upside) here on the 15m. so i cant really tell you what the target zone will be yet. it depens on the momentum. the two most likly setups are drawn in in orange.
Note that we might not complete the pattern since it already struggles quite a bit to go further down. but i dont like the RRR yet to go long, so either it goes further down or no trade for me.