Nasdaq Composite Leads the Way Down

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.

Mark