Nothing much has changed. The call is an extended Minute [v] of 5 or a more muted [v] of 5.
Extended "classic" shown the SPX weekly:
A more humdrum "muted" Minute [v] of 5 shown on the Wilshire5000 2 hour chart:
Using the SPX weekly above, if the green channel breaks down, then likely the rally is over. Or even if (ii) of [v] pivot is broken under.