S&P futures to the downside S&P 500 E-MINI FUTURES (JUN 2020) CME_MINI:ESM2020 chaas 4 points to mention 1. 50% fib retracement 2. 4 day time extension from last retracement 3. 5 waves in the channel 4. Mac divergence negatively right before its about to break the trend line . idea: trend reversal to 2174. 13% drop , buying Upro aug 17(3 week time extension) put spread 25/15 @ 3 bucks gives you a 3.3-1 payout.