The green vertical bars is where proposed wave [c] = wave [a] in price length. That would be less than peak and meet a wave 2 rule.
As far back as 8 October it was hinted where wave 2 would retrace and it would be likely deep. It was even suggested a time frame.
Did you think the greatest financially engineered rally would end on a whimper? I'll stick with a wave 2 count until it proves itself different.
6 month yield count. And yes, the 3 month yield (key to whether FED raises rates or not in my opinion) would likely be dragged higher as a result.
Global Dow shows the real world picture: Not quite as robust as US markets. Keep your eye on the ball.