Since the bottom of January 2016 this market has produced higher highs for the entire time. Even the February bottom did not break to a new low, with the following bullish phase being very choppy with overlapping wave structures. If I put the January 2016 low as my 4th wave in Intermediate degree, then we could be looking for another diagonal 5th wave.
If this is the case, then we should get choppy and corrective wave patterns when we start the next decline. If a violent crash happens then that could be part of an expanded pattern in which case it would definitely soar to newer highs. Even soar high enough to create new record highs.
This will be a real challenge to get even close to any potential 4th wave bottom as you don't want to miss the last hurrah, when it starts.