This count examines the uncertain view that this is the 5th Intermediate wave of the 5th Primary wave of the cycle that commenced in 2002. Deciphered here is the extending of the 3rd minor wave and now forming the 4th minor wave.
In this case an upward move is expected within the development and being in response to the upturn of the RSI and also in keeping with recent behaviour with similar pattern.
The Nasdaq and the S&P 500 have attained all time highs (ATH) whilst the Dow and the NYSE have yet to do so. It is generally anticipated that a general correction sell off of the markets will follow the general achievement of ATH's.