S&P 500 Index v Nasdaq 100 Index

S&P500 index overlayed with Nasdaq 100 index.

My preferred observations atm: 

• For this chart, these indices share the same count.
• [iii] is extended.
• RSI negative divergence supports that impulsive wave 1 has completed. 
• RSI positive divergence supports that wave [b] is current.
• The typical target [iv] awaits the 2.
• The second chart does not detract.