1495 is the key near term support pivot. So unless and until that level breaks down, we have to give the wave count the benefit of the count to see if there is a bit more for wave (v) to play out.
The "time" factor between waves [W] to [Y] is practically equal.
Although on the Wilshire we have had "overthrow":
Again the larger count using the DJIA:
Composite hasn't yet made higher highs above its 2012 peak. Look at that MACD signal and the RSI long term trendline.
Yet we can see Hulbert's NASDAQ sentiment has hit an extreme - 8 year high - as of today's data (via Sentiment Trader)
Here is an example of a chart where its uptrend channel broke down. The OBV was a telling sign as I had been pointing out.