Update 1:30PM: Fractal comparison to the last momo wave in 2010-2011. Instead of 6 months, its been about 6 weeks and the excitement is just as high now as it was then.
My point? The "virgin space" occurred very high in this wave structure as I propose it has on the current "mini momo" structure of the last 6 weeks.
Which leads me to my main point: The current 5 wave structure is mature.
Update 12PM: Couple of updated charts:
Wilshire "looks right". And that is half the battle with wave charts.
VIX Daily. Look at the candle just dangling down there under the BB. Filled the last VIX gap.