Primary count is a series of one's and two's. The Breadth Thrust indicator shown on the DJIA chart below supports this count.
And the Nasdaq100 count may suggest something else again. But as nice as this count is, its nothing to hang your hat on as its only a subindex.
Yet price action is certainly not in the bulls favor. This Wilshire channel chart shows what I mean:
Doesn't mean prices won't rebound, its just saying that this indicator is not flashing a bull signal nor is it oversold and, in theory, may agree with the series of ones and twos down.
Additionally be wary of the lower wedgeline break.