We are in cycle wave 4 for the US stock market since it's origin from the 1700s. This is going to be either an expanding triangle or expanded flat forming, we'll know more once the next wave down forms (if it completes in 3 or 5 waves). This is similar to the 1970s (which was a primary degree wave 4) but in a much larger scale.
Comment:
should actually be supercycle wave 4, 1970s was cycle wave 4.
