To be honest, this pullback is looking a bit large to be a wave ii in yellow. But, we still need to break 2795-99 support to tilt the weight of evidence in this micro count towards the purple b-wave.
And, should we see the bigger pullback in the purple b-wave, it may not be much bigger, as the a=c point for the purple count is a b-wave bottom in the 2778SPX region.
At this point in time, I really have no indications that we have struck a meaningful top just yet, as the market still seems like it is trying to push higher towards the 2875SPX region. I think the only question is the micro-path right now.