Following up on the previous post, I thought it might be worth posting this as it is exactly what you see on the major US indices and our US lapdog market.
I've never trusted Elliot Waves because they are generally so subjective, but it appears to be so clear on just about all the major indices - if correct, they are about to walk off a cliff.
Edit - you may need to right click the image and open in a new tab - HC a bit clunky.