2016 NS rally can only be counted as a WXY I think without breaking any rules.
However, the momentum pattern is very clearly a motive wave with a failed 5th wave Ending Diag in Blue trendlines.
Either way, it's a sharp steep rally.
Sticking to the rules of Elliott though, after WXY I expect another WXY.
If that's the case, then we should see matching momentum...