Cases for the market:
1) Wave 1 equals wave 3. This can take 3 possibilities.
Firstly, wave 1 and 3 are just wave A and C of a major wave 1, which suggests we may see a correction of wave 2 and a further market.
Secondly, when wave 1 and 3 are equal, according to wave rules, we can expect an extended wave 5. Since prices broke about wave 3, there is no justification that the waves 1 and 3 were merely A and C corrections.
Thirdly, if we want to label wave 4 as an 'A' and the latest high of 6015 as 'B', something doesn't quite add up since wave C doesn't usually move 200% of wave A. Even if we do take it as a possibility, the target for wave C would be around 5132. That price region also coincides with a major 0.382 fibonacci level from wave 2.
Final Conclusion: The correction may only last for a short while. Be prepared to take long positions as and when opportunity presents itself.