On Monday morning (o8/10/15) we should finish my sub wave-3 down and then rally and start sub wave-4 up later that same morning. That sub wave-4 up is also my (B) wave up, so we could have a strong up day on Monday. The sub wave-3 down at Monday's open could also be strong down, because it's also the end of my (A) wave.
This whole downtrend should consist of 3 waves of A/B/C and a total of 7 sub waves of 3 x 1 x 3. We should take out the S&P 500 200 day moving average at 2073 and we could end at the 2045 to 2040 level, when this downtrend is complete. The 2040 level is -37 S&P 500 points from last Friday's close of 2077.
Reference my S&P 500 chart and notice that we have completed 6 big waves. We are now working on big wave-7 (circled 7) down. I believe we will have a total of 9 big waves to complete this big Elliott Wave pattern. Then we should have a very strong counter trend rally.
Finally on Friday the NYSE was only 8 points away from a "Death Cross". That should happen before this current downtrend completes.