The following charts show a pattern of how this "unwinding" may now start to occur. As shown in the yellow boxes of the first chart, the cycle may be indicating a "Freefall" to the target at 1206 SPX next (as previously calculated). I have also proposed a triple bottom for SPX as a result of similar patterns in several cycles that I am monitoring.
Following this "Freefall" and triple bottom, I have suggested a strong rally up to 1352 SPX. According to the pattern in the lower chart, this may be the final top prior to commencement of a multi-year bear market. Let's call this the "Great Bear Market".
In the following chart my analysis suggests we are currently at the equivalent of the 2007 top. The market is about to decline to the triple bottom proposed 1206 SPX target by trading down from the Right of the chart towards the Left in a similar pattern. The triple bottom would be point C on the above 2-Hour Chart.