S&P500 could retrace back and go down more

Wave 3 appears to have ended and the S&P500 dropped sharply. There could be a bit more downside. The price reached minimum target (23.6% retracement) and 5 sub-waves in wave A appears to be ending. I am expecting a retrace back to potentially near the broken trend line, and there could be another short opportunity if you see clear ABC pattern. I remain bearish on S&P500 for now until wave 4 completes clearly.