One possible senario for the S&P/DJI is a (5-3-5) . Everything is fibbing out nicely so far. The middle 3 wave 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 on higher time frames are bearishly diverging. If this plays out, a 10% drop would be a 1:1!