US stocks might be finding a intermediate bottom here. I have no interest in being long or short any US stocks right now. Some of blue chips show signs of a bottom. This is just an observation. Observations are not positions. Some of these patterns are reversal ascending triangles. The others show falling wedge patterns. I rarely trade these patterns. Reversal ascending triangles need to be at least 8 weeks long for me to consider. Falling wedges incorporate two things I hate: Trading diagonal patterns and trading against the trend.
