Chevron Corp (CVX - SPX) - Bears continue domination

Chevron Corp (CVX - SPX) is in ABC zigzag down in 2 hr time frame, where C down is in progress and 4th of C on the way. So stay short for 5th wave down. Here A was leading diagonal so the losses will possibly extend. Keep eye on it, because it is possible that the 1st extended wave of C is just about to end after 5th wave ended.