$SPX500 Completed Bearish Bat

FX:SPX500   S&P 500 Index
119 0 5
First bearish candle last Friday suggesting bulls getting exhausted. Potential reversal zone also confirmed via the Bearish bat pattern at the 1.618 Fibo extension of the B-C leg

Possible short term targets at 2011 and 1991

Average pip movement also suggests volatility has been too low since March suggesting April that this might spike and catch many bulls offguard.
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