The Seljun pattern has a very high probability of locating long term tops and bottoms ... and has formed on the S&P500 .... A final confirmation would be a weekly close below 280 on SPY
Looks a little more down in short term but medium term looks up accounting for strength in USD
Maybe a reapeat of '97 to '00 up to the dot com bubble. Would line up with cyclical bull market
All my recent ideas hinge on USD being over the next few month->years so this looks like a good possibility
I think bottom is in for now. Lets see how much it can run up
price looks like its bottomed out on the weekly. An ema bust would definitely confirm bull trend again. Looks good for at least a measured move up. Could be more but can't tell yet.
short term could see dip but medium term looks like continue upwards