Waveform appears to be a zigzag down from the high.
An interesting chart pattern has to be the ending diagonal triangle. On a larger scale we have wedging action. On a smaller scale we have overlapping expanding possibilities. The combination of both is intriguing.
Wilshire shows the best form.
The e-minis actually supports this notion of a new high via the potential bullish falling wedge (which can also be drawn a couple of ways) that resulted in a bullish up move (so far) that re-captured support.
And the DJIA painted a bullish engulfing candle that is again edging above the Supercycle channel line