I believe wave (v) is underway since market took out the wave (iii) high. I have a target of 1237 to complete wave (circle) i. If wave (v) does extend we can expect market to touch 1268.
(note: there is a chance wave (iv) may not be complete if it's an irregular flat...)
(note: there is a chance wave (iv) may not be complete if it's an irregular flat...)