TOTAL index has a long way to be traversed!

As you see the chart above (TOTAL index), I've counted the waves as you see.
I think it's now within wave 3/C. Thus after counting sub-waves, I think it's the third wave within 3/C.
Therefore in short-term period it should be terminated and after that it enters wave 4 which is a timing correction (possibly and due to wave 2).
Then wave 5 which is upward will begin.
So I think we don't have any problem about market cap in short-term period at least.
But be careful about the future!