Hypothesis: S&P 500 (and the market as a whole) is approaching a series of consolidations:
a) Consolidation 1:
- signal: as soon as RSI begins to fall (past dotted yellow lines)
- magnitude: ~10%
- time: July 31st (possibly earlier)
* The timing is based off of historical cycles. The current cycle is much slower than the 2002 / 2008 cycles --> 42% to 115%...
