Don't let the media fool you...Wave 5 just started. After wave 5 comes a 3 wave correction down of a larger. This is part of larger correction that will begin later this year....will update chart after wave 5 completes...in the next 2 weeks.
Watch the bond markets....yield will continue to rise as money flows out of bonds to equities. Volatility should stay low until wave 5 ends so keep you eyes on VVIX...120+ could signal beginning of correction.