Last night's update suggested a possible Ending Diagonal triangle pattern had developed and that it was nearing its end. Rapidly falling prices thereafter is the norm after such a pattern. So far, today's price action supports the notion that indeed an ED triangle had finished.
Long term, the best interpretation is that this is a cycle wave b - the largest and longest bear market rally ever. In real money, such as Dow/Gold ratio, this peak is far below that which occurred 13 years ago.