With the late rally and the close above the 1867 and 1872 lows, this pattern is in play. This scenario targets an 8/25/16 (+/-1) high (which happens to be an AstroWindow and the 29th Ganniversary of the 1987 high) before the next serious decline. Quoted below is what Lindsay said by way of respected Ed Carlson. Look at the SPX chart (I substitute the SPX in these times for the DJI) and see what you think, using a base starting with 8/24. The "separating decline" is that plunge into 8/24. The preceding "three peaks" are often a bit nebulous and can be more than three and can be a matter of Lindsian artistic interpretation. Also note the weekly MACD and RSI:

"The first step in identifying the formation is labeling the three peaks and the ensuing deep decline Lindsay called the 'separating decline.' During the separating decline the market must reach a level which is lower than at least one of the reactions following peaks one or two.The sell-off is followed by a period of base-building called, appropriately, the 'base.'

We're looking for an interval (roughly seven months and ten days) from either the bottom of the base or the separating decline to the top of the bull market. Typically, a base is horizontal and we count from the second test of the low in the base." - EC