SPX Daily - Wednesday, Aug 10

@ 4 PM

Elliott stated that counting corrective waves is far more difficult than counting impulses.
And this Minute 4 is proving no different.

Best guess is today's zigzag was just the wave b of the expected zigzag.

@ 1 PM

Daily chart of the DOW 1987 crash shows that it was a double zigzag. 

@ 12 Noon