Double-Bottom at the 38.2% level?

Yesterday, I provided this SPY hourly chart, and noted the gap that closed at the the 38.2% Fibonacci retrace level of the up wave from 15 March 22.

We also noted that the bottom formed on an RSI divergence. Meanwhile, the NQ 100 futures this morning made a lower low at the point marked (c) on the chart above. Then, cash and futures made a wave that can be counted as five-waves-up from the morning low (it could also be counted as three waves up, and a flat fourth wave, to make a higher high if it doesn't overlap downward first.)

If it is a true double-bottom, which it appears it is at the moment, then the implication is that there is some strength in the ES futures. So, once again, we need to see tomorrow if this bottom holds. If it does, it is possible to get another wave up. If the 29 Mar wave is ((i)) or ((a)), then the down wave might be ((ii)) or ((b)). Yet, we have no way of knowing - if the entire up wave is to be a fifth wave - whether it will impulse, diagonal or if it will truncate.

There is also a possibility for this correction to extend as a double zigzag if the current low is defeated, but that seems to be lower priority for today or else what was the purpose of the double-bottom?

Have an excellent start to the evening.

TraderJoe