I would expect some sort of base building price action before the next leg up. This will provide clarity on the projected completion of this 5 wave pattern.
Yields have recently dropped in a flight to safety surrounding the bank failure panic. Does the stabilization of yields signal that crisis easing? Will the rise in yields negatively or positively impact stocks? What about the dollar, crude oil, gold.... All of these markets are at a transition point. This is a common phenomenon in March... history repeating?