If we look at the seven year cycle ,this is what happend in the past and probably this year.
* 2001/09 SPX dropped 35% from previous ATH
Set a bottom after a drop of 49% from previous ATH
* 2011/09 SPX dropped 42% from prevouis ATH
Set a bottom after a drop of 56% from previous high.
*2015/09 ASSUMING that 2090 was a top and we go down from here, next levels to be watched
-14% = 1764
- 21% = 1617
- 35% = 1344
- 42% = 1204
- 49% = 1057
IMO this can only happen when a major event take place.
Notice that all numbers written here and projected on the chart are all numbers divisible by ' 7 '
Good luck,keep the faith.