It is always nice to have an opinion on the market , but without an instrument to act it is of little use. So here is our old favorite HXD (do not forget 2X leverage and not good in a non trending market).
When in doubt look at the inverse. Lovely a-b-c, ready to move up any moment. Here C is a 5-wave affaire, better even it has a 5th wedge to finish it in the next few days if not already. Most positions were sold at about $34, too early as it turns out but still profitable. Here is a second chance.