@bluemagic Regarding your question on a W bottom in the $SPX, the top of the upper-left part of the “W” would be just off the highs in the SPX, as that is where the sharp move leading down to the double bottom started. As such, that would have to be more of some type of W continuation pattern, more so than a bottoming pattern. Either way, certainly a possibility that the recent W formation has longer-term bullish implications although nearly all of the evidence that I see on the longer-term charts tells me that is unlikely to be the case.