Update

More of the same mess, but the price and market breadth turned lower. If you look at other indices like SPXEW,DJ,DAX it is obvious that the top is in and decline has started.

It is difficult to pin point a pattern and the exact path in this mess - the idea is the index is in the middle of the second leg lower which should complete around support the previous low in November.

Adding trend lines and support to the current pace and timing and it looks like this for the next important low early summer June/July.

Update

More of the same up to the trend line connecting the recent highs and turn lower. I am trying to find a pattern in this mess lasting months and below is what I can see... if it will play out or not I can not say, but it will make pattern and timing look perfect with the 40w high lasting 32-33 weeks.

Complex pattern w-x-y - zig-zag with triangle.
You could move the x low to the left than we have completed triangle and the top is in... no guarentee with this mess.
The same for the NDX and the DJ could be a zig-zag with a flat w-x-y

The same works for the DAX w-x-y - flat with a zig-zag. Timing will be much better completing 10w high from the last high, now it is a little bit short, but again there is no guarentee so close to importatnt top.

Another week or two for the 40w high means length 32-33 weeks and it will have perfect length like the previous 40w low and high.