5th Elliot wave now?

I've been looking at the Elliot wave formation of the indexes for a while now and there seems to be stonger evidence that the rally is dying out. There should be a serious tank or at least a pullback coming soon. And the market has been constipating for the past 2 days. Looks like it's anticipating some major news and awaiting confirmation before starting a new trend.

Elliot wave formation for the longer term


Elliot wave formation of this rally from March 09