Bearish 5-3 EW pattern

This intraday chart on $SPY illustrates a bearish 5-3 Elliott wave pattern.

There was a bearish impulse wave in the last part of December.

This was followed by a bullish w-x-y double zigzag.

Wave relationships appeared near $402 which is where SPY reversed.

If this pattern plays out, then SPY would likely reach $375 in the next few days while holding below the high near $402.