So far the entire decline has taken the shape of a clear - (a-b-c).
The decline could be complete at the second bottom, however the daily has yet to reach the oversold zone. The seasonally time zone can last at least until early June. Momentum and Time dimensions indicate there could be more downside action.
Caution bears, the total SPX decline may only be 7 to 8% from the 4/29/20 high.