Pi Cycle Top was end of Wave 5 and started a Running Flat Correction Point (C) is between 39.000 - 38.000 After that, a new uptrend starting :) Orange line: TLT / JNK is a risk on and off indicator for all risk assets. I think we will see a spike down soon, which means risk assets are more interested than bonds.
BNC:BLX ... and where we should be :)