a big drop may be underway in the market

Taking a look at the RSI we can see a bearish divergence showing signs of a reversal. However if this is not the point of reversal, it may happen in the near future when the 5th wave is completed. We will see a drop on the 5th wave to point A then another drop from point B to C to complete a larger wave 2. This should be a pivotal point , if 2 drops too hard all the way down lower to the beginning of wave 1 the bulls may be in trouble or if wave 3 is a failed impulse wave, leading towards sideways or downwards territory.



Ignore the 4,5 at the end it's meant to just represent the 3rd impulse wave.