W1 down was 340 pts on the S&P. A wave 3 impulse here should extend to 1.618 of W1, i.e. 550 handles. Our first 50 are already in the bag, and if the 10Y Treasury collapses overnight to 3% yield or more, then the remaining 500 should be easy -- only 100/day through the end of February.
We already visited the 200 DMA, so now we can crush it.
We are so due for this sort of move -- a quick 20% crash in equities.