This still looks like subwaves of 5 developing. The entire wave should be days to weeks infolding. More after closing.
Update (after closing): Not much to add. Today's action was contained within Friday's action. This looks like another sideways day - but not really. The index hit the bottom of the channel at the end of trading on Friday, then opened at the top today, and snaked around the channel midline for most of the day. I can't read these waves, except to say that the down trend is continuing.
Update 2: A little peek behind the numbers.