On an intra-year basis, the Indices were expected to see competing multi-month moves with the most bearish phase in the center of 2015. [EDIT: see Peter Eliades ]
The next truly bearish period--and more convincing facet of the larger-degree, 2015/2016 Crash Cycles--is expected to take hold after mid-Dec… when the greatest synergy of weekly and monthly cycles enter another down phase.
STOCKMARKET CYCLES - Prepared by Peter Eliades
The Cycles November 3, 2015 Peter Eliades Stockmarket Cycles
Primary V is currently underway from the August SPX 1867 low. When Primary V concludes, which could be this year, the Cycle wave (1) bull market will be over, and a Cycle wave (2) bear market will follow.