The final three-day weekend of the summer is upon us and the market, as set out in the charts below, is looking bearish and on the precipice of a deep dive into the Sep-Oct crash window. Friday has turned lower, overcoming an early 300 pt Dow rally and the market is now trading toward the lows of the day. As the three charts below suggest, the path of least resistance since the mid Aug Wave 2 Top has been down and the strongest part of the bear market, Wave 3 - dead ahead. SPX - Big Picture Wave 3 of 3 DJI - Wave (3) Down QQQ - 30 Minute
