The most important part to this entire chart is the red converging forming an that started at the red arrow in 2011. It appears it has a b wave and c wave for a complete ED. Just a guess...this could last until August this year. That being said, any trade above wave 3 could call this complete.
I would expect all markets to crash nearly at the same time...as they did before in 2007. This, and the Dow, show that we are currently in a bear-market rally. The bear market that started Oct 2007. This will be the second shoe to fall. This chart also bolsters the view that the Dow, is also forming and . This explains the weakness and the fact that it's hard to chart.