The S&P500 (now at 3920) ha completed the whole set of Elliott waves up and seems to be ready for a big dive to 3400.
The weekly chart reveals that It's topping. It could be the top of wave 3 (in blue).
The daily chart shows the reverse candlestick (runaway pattern ) at 553 and the likely target at 3391.6.
The 4-hours and the 1-hour charts display the reverse pattern at 55.
Weekly chart. Click to enlarge
Daily chart. Click to enlarge
4-hours chart. Click to enlarge
1-hour chart. Click to enlarge