NYSE Composite

Dow is at 61.8% of the entire fall from Oct, and the S&P and NYSE Composite below are at the falling trendline from the Oct high, the kiss to the trendline followed by an island reversal yesterday makes it look like a sitting duck. The island that involves only one bar and not a cluster of bars is also called an abandoned baby visible in the Dow as well. Wave 3 down means a move to new lows where 3=1 is a crash of similar proportion as wave 1. Wave 3 down however more often than not will be extended.