Below is the updated longer-term market structure projection chart. I have explained many times that all this work is NOT AIMED at implying the scale of movements in the markets but rather direction for each period to the next period being handicapped/analysed. Therefore, it's of NO significant relevance if a high shown via the magenta line, is a higher high or a low is a lower low. The implication is simply the probability based bias for the direction one week to the next. So, for example, a sequence of two down weeks implies two weeks of down +/- a few days to a week.
So, what is to be gleaned from this? Well, as can be seen from the Magenta MSP, momentum and directional shifts week to week are projected into the future highly presciently. The objective not to be perfect but to be able to make educated assumptions regarding directional risk and progression +/- a week or so.
Below is a further outlook. The above chart shows more history so as to be able to observe previous behavior of the MSP toolset. The chart below takes further look into the future and it does look largely biased toward downward directions. Remember what is shown on this chart can look like a small down or up move but in reality be a huge one. The precedence of directional probability is much more important and the timing of such. For scaling of moves and their potentials other tools are preferable.