S&P500 – Expecting a Top Before a Four-Year Cycle Low in 2026

We invite you to read Bruno’s B.E.S.T. View January issue (written January 5th).

Let’s update our view for 2026, which is a mid-term election year and often a low for the 3.5 to 4-year cycle. As the S&P500 is at an all-time high, looking for a low in the next 12 months appears an easy bet. However, we need to find out when and where the absolute top will be. Given the current price momentum, we selected the Q1 period. This is a choice, that is shared by a lot of cycles analysts and, of course, the confirmation will come after the top is made between the recent high of 6930 and a projection near 7225, a major Gann level. It would be ideal that in the coming weeks, the S&P500 would show a bearish divergence on the weekly STO, but, the confirmation of a major top[…]