Shorting SPX

On the daily chart of SPX, it is clear that the price has started a new downtrend with the instrument moving under the Alligator moving averages and AO below the zero line. In addition, my Elliott wave structure signals that we are about to start the third Elliott wave of a bearish period. This gives me an idea to go short if the price breaks the newly formed sell fractal. My trading levels are marked on the chart. Good trading!