Ah interesting indeed.
My (wholly unscientific) pulse on investor sentiment and expectations are that some ~45% believe we'll see a bear market rally (aka dead cat bounce / bull trap) followed by new lows, 45% think we're going directly to new lows, and ~10% expect a trend reversal eventually onto new highs. From your EW count it seems you are part of this 3rd (highly contrarian) group - is that accurate?
Yes correct, currently expecting the equity indices to resume the bull market and head towards all-time highs by the US elections in Nov, perhaps sooner. Will revise and reconsider expectations if the S&P500 declines to 3500 zone.