Update

SPX/DJI/RUT/XLF the move lower looks like impulse and more important we have overleaping with the first wave. It does not look good for the bulls.
Come on bears I want to see new lows next week... please:)

Here is the "bearish plan" for the inpatient - Fibonaci poetry:) something around 2500-2520.

Here is how an impulse should look like - one more high around 2690-2700 is needed. The tech sector looks weak... difficult to see an impulse at the moment and the FANG stocks will look much better with one more lower low for a finished pattern. Now we wait to see if the impulse will be finished or not. We had already 1-2-3 which failed lets see what happens with this one.

Update

Indexes like NDX/SOX/XBI do not look like an impulse lower they look like double zig-zag which is completing now. If you apply this to SPX you have W-X-Y with Y=0,618xW. The alternate scenario is the impulse which I am following(green), but it needs one more lower low. To be honest the impulse does not look so good and I like double zig-zag more.
Personally I do not wait until the last wave lower for the perfect pattern, often this does not work and I am buying small amounts at the lows building a position.