A Probable Stock Market Crash Scenario

Today we are at an equivalent point with the high on October 14, 1987. History does not repeat itself, but it rhymes.

On Wednesday, October 14, 1987, the SPX retested the bottom trendline of its Broadening Wedge in a Minute wave [ii]. Today we crossed inside (for a second time) a more bearish Orthodox Broadening Top in a Minute wave [ii].