“Possible 10% drop (5-3-5) zigzag for the S&P/DJI.” by trader Aborntrager — published November 09, 2018 — TradingView

One possible elliot wave senario for the S&P/DJI is a (5-3-5) zigzag . Everything is fibbing out nicely so far. The middle 3 wave zigzag looks to be completed (retraced to .618 and the extension looks good), and it appears we are starting wave 1 of 5 going down. In addition, the RSI on higher time frames are bearishly diverging. If this plays out, a 10% drop would be a 1:1!

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