We have one virgin wave space on the Wilshire5000 (and SPX) that may mark the approximate middle of a 5 wave structure down. If one places a 50% Fib in the middle, you can see where it projects a low.
The hourly charts are working off oversold on the MACD signal lines. Prices seem to be resetting, perhaps a Minute [iv]. So for now, we'll call it wave [iv] of Minor 1.