There are interesting things in the area in big picture (it has been true for the last few months and here is just a retest).
Also carrying on in the cone is really too academic clean.
If the correction is of low intensity (marking a wave 4 since 2009), then the current move will continue upwards as a true mega-wave V (with plenty of wave 5 extensions), cancelling the previous scenario. This would directly imply a complete mega-wave IV correction of the type A (2003)- B (2007)- C(2009). Only time will tell.