1) wave (v) difficult to label, doing odd inverted turns, not wholly confident.
2) the alt labelling would be somewhat supported by in practice, i.e the previous larger wave 4 also unfolded in a similar way.
The target met on the Dow & Nasdaq, here it lies at about 2004
Let it prove itself. Patience & alternatives.
"It's not what you don't know that gets you into trouble, it's what you know for certain that just ain't true" Mark Twain, courtesy of Howard Marks.