This cycle potentially kicks in on Thursday...I say potentially because price needs to stay below 1280 (or at least be below 1280 on Thursday )...another pointer that a top might be forming .On the Ftse the square is 1300 points/130 days i.e. it is 1:1 rather than 2:1 relationship between price and time,although time did overshoot by a few days......as always time/price setups are just that....setups...ie pattern (reversal) needs to develop in the timeframe.(This complements the 240 point/90 day square we have already discussed)