Fundamentals tell you where the market should go. Elliott Wave Principle gives you the road map to get there.
a triple zigzag would catch most offsides...which is more or less required for the potential energy required for some nasty 3 wave decline action!
now we need a catalyst to initiate the wave 3 crash..would a downgrade of Europe do the trick.
Wave 2 may not be quite done just yet.Though the final zizgag looks pretty good on DOW, it may need some more length on the SPX.