Notice that SPX bounced at the pink line. This is the same pink line that has been in place on my charts for months. This is a long term trendline that traces back to the 2007 top.
The following 30min chart shows the symmetrical pattern currently unfolding. I show the equivalent points in the cycle using the green arrows.
On the Left side of the Cycle Line there are 11 trading days to the green arrow. On the Right side there are 5 trading days to that green arrow.
11/5 = 2.2 Multiplier (the cycle is currently unfolding at a 2.2 times greater velocity, in terms of time, on the R side versus the L side)
From the Cycle Line on the Left side it is 31 trading days to the March 16th bottom. 31 days/2.2 Multiplier = 14 trading days. May 2nd top plus 14 trading days is May 20th. This cycle is suggesting that is a bottom.
May 20th is also the day that my 22 day equal time cycle is pointing to as a major pivot point.
I also used the Multiplier to roughly estimate a rally up to a rounded top May 11-12.
Remember, all of these timing estimates are approximations.