Are Stock Prices Still Forming a Bottom?

Is this a probable bottoming pattern for the S&P 500 as its consolidation continues to grow?

After starting above its closing price on Friday, the broad stock market index fell by 0.40% on Tuesday.

It prolonged a consolidation near the 3,800 level that had lasted more than two weeks. It dropped to a new mid-term low of 3,764.49 on Thursday of the prior week before rising back over 3,800. Overall, it continued to prolong a consolidation that had started after the drop from 4,100. The December 14 FOMC interest rate rise, among other things, caused the S&P 500 to decline in mid-December.

This morning, the S&P 500 is most likely to start off 0.3% higher. Another effort to break above the current trading range could be made.