[Update 3:10PM: Here is a potential bear count. There is some impulsiveness down going on.
The whole thing has an expanding edge to it from a top which is indicative of a possible trend change]
[Update 2:40PM: Using the Wilshire, this is my top alternate count if the market decides to make another high before the end of the year. This pullback would be Minute [iv] and I would expect it to be a sharp zigzag (or double ZZ) at least (because wave [ii] was a sideways flat) back toward the middle of the price range of the previous subwave pink (iv) per EW guidelines.
A significant breach of the November high support means something else likely.]