Quick update

Looking at RSI(shows b-wave not divergence), market breadth(divergence earlier and lower high now) and cycles(in the middle of some longer cycle) this looks like the most likely pattern. Confirmation will be sharp, but short living decline for c-wave.

DAX seems to be on track - the pattern I have shown a few weeks ago.

Quick update

If you look at DJ/NYSE/SPXEW you will see this pattern - the usual w-x-y with very clear subwaves. This translated in intermediate term is shown below - for now assuming b-wave correction of the rally from April.

Weekly cycles - I think we saw the 20w low next is 40w high already one week longer than the average and next is 40w low November/December.

Alternate patterns
Impulse with fifth wave ending diagonal

Expanded flat running c-wave to MA200 and 20w cycle low, RSI looks more like this not like ED.