daily spx chart showing very similar pattern to the congestion above the june low. current pattern is on shorter timeframe but otherwise similar, check position of macd and also 60 stoch and macd histo close again to positive as well as MA's crossing.

so if this pattern breaks to upside as it did before in early august possibly there is another 100 points in it.

personally i still think it is down from here, but got to consider other options,