SPX sharp downside possible

Looks like the Ending Diagonal pattern is complete and the market is set for a sharp fall to 3664 level, even if the pattern is continuing the trend remains to the downside for positional traders.

Comment:

1H : Fast down move just as expected, shorts must hold position for more downside by trailing their SL in profits :

Trade closed: target reached:

1H : Picture perfect : Precisely reversing from the mentioned target level :

Comment:

More downside can be seen, however for that we will wait for the next opportunity to show up.