I tried to label the rally from from April. According to this plot the NASDAQ reached the 0,618 correction level that more or less coincides with that the length of wave C of 4 also reached the 2,618 times longer level than wave A of 4.
If it breaches the invalidation line, than it may mean that the previous top were the end of wave 5 and a bear market comes.
If it breaches the invalidation line, than it may mean that the previous top were the end of wave 5 and a bear market comes.
Nota
Just for fun I tried to label wave C of 5 on a 15 min. chart. Nota
Nota
Regarding that the S&P gave a clear sign, that the previous rally that began in April was a finished wave consisting of 5 sub-waves, the Nasdaq has to be relabelled. We do not know yet that it was the top of the market or the first wave of a bigger 5th wave. I plotted two possible ways. The green marks the latter and that would mean that the top of the market is 8-10 months away from us ahead, the the former means that we passed the top and the bear market has begun. 
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.