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>Replace “dummy drops” with “consolidation”

Can do - when you call it a consolidation then the false breakout is usually referred to as a "Rally based drop" - many ways to express the same idea.

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>have drawn with your rectangles.

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They were not mine, they were tradingview.com's. I just drew them. Since you'd like to be specific on labelling.

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>I would argue that prior to the market crashing there’s a bubble.

And I suspect few would argue against that.

Tradingview.com is useful for sims etc. I do know of some others but they are mainly based on more obscure markets that not as many of the public trade (I trade them because I want to trade in liquid markets allowing me to move big positions).

You're welcome. If you do not have access to futures charts go to tradingview.com and when searching for symbols for SPX include "CFDs". Oanda is usually the top result. This will give you all the charting data of all trading hours and not the unknowns of gaps.

Do that and draw the fibs from the last swing down yesterday and also a 161 from the most recent dip. You should understand why we take this as the main entry level.