Over at Pretzel’s forum .. Matador posted this duesy …
Site is NOT recommended for those allergic to EW, but this chart isn’t one of those.
Text boxes tell the tale.

SPX_mo_Matador_BB_Dive

BUT … on an EW note … I have SPX in a 4, setting up for new lows and probable formal test of 1867.
Perhaps then we get the launch to the mid bolly that Matador expects.
And since his chart features monthly bars … expect that process to take a few weeks.