That's why I think NASDAQ, S&P, Dow et al are in big trouble now

Just a quick idea to share.
Downtrend corrective 8 wave cycle completed with wave C.
However, the next started cycle is apparently also downtrend.

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This happened in February 2016, before the new uptrend started

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I have to admit that I'm a bit puzzled, too.
It's really hard to tell the future. ;-)
This happened in February 2016, before the new uptrend began.

This is what we've got today

So who knows ...

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I've been fiddling with the curves a bit more and now I think I know better what's been going on:

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For follow-up outlook see my recent idea