Well this surely is not the beginning of wave 3 down. Chart doesn't look balanced enough. Still more time and price to play out to the upside. My guess is Friday will go a bit lower befor reversal higher. And besides VIX looks to have more downside. Next week should see a big move back up imo.
Also, on my weekly Dow chart, my settings of the Parabolic SAR have been broken to the upside this week. Often as soon as the SAR is broken on the upside there is a pullback before one more move higher. Same things looks to be unfolding here.
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