Learning the ABCs has never been so painful

EIGHTCAP:SPX500   S&P 500 Index
If this analysis is correct, we are seeing an ABC Zig -Zag down to about 3600-3500's. Also, that would mean the next two weeks will be very intense selling. So far, this bounce today is weak and looks more like a small abc completion than anything else.

ABC, easy as 123 margin calls.