The following estimated projection for the next several months is based on the Cycle below.
The Deja Vu Cycle clearly shows a bear market ahead with initial measured target at approximately 1025 SPX. As well, the Cycle suggests lower lows after that target is reached.
A detailed view of the topping process in the Deja Vu Cycle is shown below. SPX is likely near point C in the Deja Vu Cycle.
The Cycle suggests that the topping process will be characterized by weeks of sideways and choppy trading with a scary dip down to point P as shown on the chart below.
Larger view of the Deja Vu Cycle: