A follow up. Sharing my thoughts with you for your thoughts. Last cycle it took 210 days from market cycle low to the higher low. We are at 190 days atm, that's very similar, from the higher low it took 154 days for the cycle top. 
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A top in August seems very odd, but there is always a first. So you are expecting further selling until low 20s?
I dont know this is hard, but so far it have been mirroring previous cycle. I think the low might be in, it depends on if we make a higher high or lower high in a rally imo around the corner. Another view, some days old :)