SPX more downside can be possible

Market is currently waiting for the CPI report, just to keep it in mind. I expect an A,B and C moves with C ending near 3850-3840. If we go the other way the market will see 4000 before being drawn back down again. I am staying very diligent on these plays and considering to take partials on the way down. We have a major head and shoulders forming on the 4hrly chart and we will just have to see how this plays out.