The short answer is YES. The bull market is a fact. Fact is also that I can't count any five wave impulse up since 03/06/09 without breaking the main Elliott Wave Principle Rules.
I would like to focus on the topic which course the American stock market is going to adopt and to concentrate upon the price target, which is expected in April.
The chart below shows one of my both wave counts and potential short term price and time targets.
Next chart below is the alternative one, where I relabeled few highs and lows. But however, the mid wave count doesn't matter in this case, more important is the pattern
AAII Sentiment Survey gives support to my short term bearish bias.
This week's survey saw bullish sentiment rise to 48.5%, below its long-term average of 38.9%.
Short term Average:
| Bullish |  48.5%up 5.6 | ||
| Neutral | 21.8% down 5 | ||
| Bearish | 29.7% dow |
Long-Term Average:
Bullish: 39%
Neutral: 31%
Bearish: 30%
Check this out -mega extreme indicator (Put/Call Ratio)levels
Neutral: 31%
Bearish: 30%
Check this out -mega extreme indicator (Put/Call Ratio)levels
