Tracking counts are completing on the upswing. Negative technical divergences have persisted since the mid-upswing. Market breadth has lagged and may have rolled over. See details below.
Chart 1 - A five wave upswing from the October low in SP500 is ending. Negative technical divergences have persisted since the mid-upswing.
Chart 5 - We track the current upswing as wave (5)-up of wave  or [C]-up , or part of and expanding triangle wave -down from the 2009 bottom. It should be noted that in the first scenario, while prices have satisfied the minimum requirement for wave (5), wave one-five equality offers room to extend in both price and time. If so, the pending top would count as wave 1 of wave (5).
<1> the alternation between the blue wave (2) and wave (4) during 2012 and 2013
<2> the alternation between the blue wave 2 and wave 4 (of either the blue wave (5) or the gray wave 1) in 2013. 2>1>
Note that the tracking counts in Chart 6 can accommodate an expanding EDT gray wave(5) or blue wave 5 of (5), a megaphone pattern, in SP500 which has been frequently noticed.
Let's see if SP500 could deliver an immediate overthrow or manage one after a wave B pullback. See Chart 7 above.
Time-based relations offer some insight. The second upswing of the proposed expanding EDT lasted either 5.5 months or 7.5 months. Based on the time dimension alone, the upswing off the October low could last meaningfully longer than 5.5 or 7.5 months if the blue count tracks, and meaningfully shorter than 5.5 or 7.5 months if the gray count tracks.