Global Dow is in wave 3 down deja vu of 2008. Wave 1 is a picture perfect impulse that ended in October, bounced into early November, and is now heading down again...
This is the acceleration phase aka. "The Elliot Straight Down wave"
"At least 40 stock markets around the world with a total value of $27 trillion are in bear territory, as investors witness the worst start to a year on record. The U.K. was the latest market to fall 20 percent from its peak, while India is 1 percent away from crossing the threshold that traders describe as the onset of bear market. Nineteen countries with $30 trillion have declined between 10 percent and 20 percent"
Double death cross. 1880 support is now resistance
This month is the worst month since wave 3 of 2008: