*Update*-2018-08-17 - S&P 500 Hits Wave 2 Fibonacci Resistance Of 0.786

With Wave 2 looking completed at the 0.786 resistance we should see continued selling in US stocks as the Turkish Lira continues its slide along with Chinese stocks bringing Emerging Market risks to the forefront. 

News: 

Turkish Lira Tumbles And Chinese Stocks Slide:

https://www.zerohedge.com/news/2018-08-17/selling-returns-turkish-lira-suddenly-tumbles-china-stocks-slide-new-2-year-low