MTU Wednesday Ed. - Decline (12/19/18)

Key US stock indices are likely at or approaching the lows of an ABC decline from the all-time high or wave [i]-down of 3-down from the all-time high.  Oddly, VIX shows only moderate bearish sentiment and risk premia are not rich at the moment - waiting for the red count in Chart 2 or foreshadowing the green count in Chart 2?  

SPX

INDU: fresh death cross

NDX

 VIX