[Update 4:45PM: The NDX did not confirm the lower low. That could be considered a bullish non-confirmation. A proposed wave 2 flat is the top count.
I had been tracking a falling wedge ending diagonal triangle for Minute [v]. One trait of a falling wedge ED is the subsequent counter-move, once the ED is complete, is violent. The surge at the end of day was an amazing 46 SPX points within 46 minutes. The post-wedge surge is very supportive of the idea of a falling wedge and supports the idea that Minor 1 has completed and the market is in the beginning stages of Minor wave 2.
Using the Wilshire5000 for form:
2 nights ago