Only 4 days left until the start of the cycle. The initial decline from 3/25 through 4/6 will occur while the headwinds of monetary ease are blowing so the decline will probably not be large. If my count is right then there is a nominal new high ahead and the initial decline will be a first wave. However, if the stock market does not make new highs by the close Friday then the decline will be a third wave.
Before the market can run it needs to escape the 50-day M/A, which lies just overhead.
My count is that the DJI and SPX are in iv of (iii) up.