The wave (ii) count I showed from yesterday has certainly held up so far http://4.bp.blogspot.com/_TwUS3GyHKsQ/S9ndKbRbW0I/AAAAAAAAE_8/hFOLGUMKIuc/s1600/wlsh1.png
The key I think is that it is nicely impulsing down in 5 wave patterns and correcting back up in three. The tone of the waves seems to be purifying to a more impulse state to the downside as occurred often in P1.
The one bearish item is that perhaps the market is impulsing down in 1-2, 1-2 pattern as there was not much alternation between correction during the intraday.
Some negative divergence between Transports and the Industrials to top things off.