IXIC
Nasdaq seems to have finished the 5 wave structure it had begun in 2009. The picture depicts only the 5th wave of the cycle. The whole cycle began in 2009. In January this year it began a running triangle as 4th wave that ended in 25th April and since it has made a 5 wave structure as its final 5th wave. It ended on last week Wednesday and the length of it almost equals the 1st wave (between February and June 2016). Regarding that the trend lasted for 9 years the correction may take even 3 years. The question is that how volatile will it be. But this is my opinion, markets can behave very irrationally. :)