More volatility - roller-coaster ride in US yesterday

As per yesterday's post (Note 3 on the DOW) markets were trading with more volatility, DOW has an intraday swing of 900 points - up strongly in the morning collapse in the afternoon and finally recovery at the close.

Was that the wash out for the move down? 

Is it rally time?

Evidence for end of down move:
1.  wedge broke to the downside and quickly recovered
2 Possible positive divergence RSI and price (still not confirmed)

However:
1 the recovery to me seemed to be short covering and dip buying
2  on shorter time frames the price has hot a new low and so has the RSI
3. Price is STILL contained in the wedge

So I think more volatility and another test of the wedge boundary (lower)

Needs a break above the top boundary to signal that the down move may be over