Possibly 5 waves completed - Target 1500 SPX E-MINI S&P 500 FUTURES (SEP 2020) CME_MINI:ESU2020 ghengiskahnspermshot I think this is a good spot to look for long-term shorts, It looks to me like it's 5 waves completed. Price is going up to test supply, we have bearish divergence. Vix has climbed back up onto a nice long-term uptrend with a bullish hammer . I think price can get higher in the supply zone but this is a good r/r short, and this will be cancelled if price closes above supply but I don't think it will. Agressive 13 sell on the daily at major supply and trendline , I also think we're headed below the previous low, not sure what the catalyst will be but I think somethings coming unfortunately. Target - 1500 SPX