I am of the opinion that the SP500 is still going to move sideways. My key date for the second really large fall is 9.7.2017 during the London session there is a potential for price to come back to 2445.27 or 2448.50. The fall from here could be in excess of 800 pips.
Having carried out further analysis of the SP500, Indeed it indicates the market will open up. This should then see a fairly rapid sell off until it you guessed it the 4th or 5th of July. This is likely to mark a low, from here stock should rally up until the 7.7.2017 then sell off in the London session.
I know cycle can invert so one has to be aware that this may happen. If this is the case then the SP500 will open significantly down on Sunday/Monday followed by a rally to the 4/5 then a decline into Friday.
Currently I do not have a solution for inversions if anyone knows of one please drop me a line or pm. My thoughts are that we are in a down cycle and that the market will push up first and follow the ideal situation as firstly stated.