I see something very wrong with this chart amongst others from an EW perspective.
Is it still possible that the entire rally from March 2020 lows was a corrective *mania* 'B' wave (expanded flat)??? This would usually be followed by the dreaded 'C' wave decline, typically 1.6x the 'A' wave.
If this is true, it will take many investors by complete surprise just as we are beginning to think that the world might be returning to some normalcy.