S&P500 Bearish BAT, W candle closed below 88.6%

S&P 500 had a good rally since mid Feb 2016.

It now has formed a Bearish BAT. price level wise, last W candle closed nicely below 88.6%. time wise, it just formed the pattern right at 1.382 time extension of XB.

1st Target 1995 and then 1925.