My understanding is overbalance of price and time is the...

My understanding is overbalance of price and time is the qualifier. Price alone is an indicator.

The June/July pullback was 30%. To retrace that here would take us to 971, so Laundry is saying we are going lower than that here. I guess to the June highs (956)?

3/8 retracement of the move is 938 so even though it would overbalance price 956 would still hold the move up in a reasonable stong position for further rally in the absence of an overbalance in time.

To overbalance time the low would have to come in 64 days from high or later which is 24 December.

A low before 24 December, even if there is an overbalance in price, should still be fine.

Is Laundry saying low before Christmas?