The other option would be, that the "C" wave truncated. If so, we could see a large sell-off early next week. This option I am a little sceptical about, there just has not been high enough breadth nor sell volume in the 1st wave down to support this.
With either option , it is quite possible that the "B" wave, or the 2nd wave have yet to fully play-out, with a little more upside possible first thing Monday morning. This is where the EW and the TA are diverging, most of the TA is saying that there is more upside, but the EW is saying we need to sell-off a little further (finish the 4th wave), before trying to make a new high, or the top is in and a larger sell-off is in the works.
To complicate the matter, the Bollinger bands on the daily charts, are still as tight as I have seen them for the last few years, and that is making me worrisome that something big is very close at hand. And just to make it worse, it is not uncommon to have the first break-out of the bands a head-fake, before it reverses in the true direction.
I will be adding charts through out the day, and will put together a final post in the morning tying everything together.