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Nasdaq Composite Leads the Way Down

TVC:IXIC   Indeks NASDAQ Composite
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The Nasdaq Composite             (IXIC) has an amazingly clear five waves down followed by a very clear "a-b-c" up to an EXACT .786 retrace. Waves "a" and "c" are near equal.

This is a text book Elliott wave structure.
15 minute RSI and MACD are bearish .

Very high probability IXIC will be down on 1/5/17. SPX             and DJIA             also have a high probability of being down.

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