S&P 500 - Bearish Butterfly Development Short

S&P 500 index of US listed sharesFXCM

Description

⋅ Mar 18, 2016 8:38 PM

Price on the daily has respected the 78.6% Fib Zone of a Bearish Butterfly Structure.
We are currently looking to develop the B-C Wave.
Price action of S&P500 is bearish and is losing steam and strength for further upside as in monthly chart too.