Fomenka

SPX500 waiting for setup to form

Short
Fomenka Updated   
FX:SPX500   S&P 500 Index
This is not a finished idea. Looking at the preferred count I expect the price to drop from 2990 level. Waiting for the trigger in the form of price action pattern (pinbar, engulfing etc.)
Comment:
It is also possible that the top is in place (looking closely I see that price touched 0.618 retracement already). If the price moves decisively breaking the support trendline on RSI chart I will pull the trigger with stops at 2991

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