The red box is still higher for Nasdaq composite. There are four common target levels for wave c as extension of wave of a of v: 

76.4% (weak one) – 7,894 (hitting it now), 123.6% (normal case) = 8,037, 176.4% (bullish case) = 8,096, 223.6% (extreme blow off top case) = 8,150.

I think we should at least see Nasdaq stretching to the upper red trend line (8,025). Then we will go to 5 min chart to count five micro waves inside that wave c of v.