Today's decline wiped out yesterday's advance. After a quick 20 point drop at the opening, the SP500 recovered about 10 points in an hour, went went mostly sideways until about early afternoon, when it slid again and dropped sharply at the end of the day to 1229.05, for a total loss of 25.14, just about 2%. The DJI and NASDAQ also lost on the day, dropping 1.74% and 2.26%, respectively.
I can't make anything out of the wave form. This could be the decline reasserting itself. Then again - maybe not.
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