The Nasdaq Composite (IXIC) has an amazingly clear five waves down followed by a very clear "a-b-c" up to an EXACT .786 retrace. Waves "a" and "c" are near equal.
This is a text book Elliott wave structure. 15 minute RSI and MACD are bearish.
Very high probability IXIC will be down on 1/5/17. SPX and DJIA also have a high probability of being down.