S&P500 went down as expected - further downside potential

I posted an article "S&P500 may go down on the short-term", and S&P has been shot down as expected. The media article is saying it is because of "coronavirus" panic, but this crash was well expected from Elliott Wave point of view.

If you look at the overall structure, 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.

[4 hour chart ES]