S&P500 – Further extension of Bull Rise

We invite you to read Bruno’s B.E.S.T. View May issue (written May 3rd).

Let’s update our view for the rest of 2026, which is a midterm election year in the U.S. and often a low in the 3.5 to 4-year cycle. Our BestView of January 2026 had envisioned a major top rise to 7225, a major Gann level. The current momentum measure of the S&P500 is so strong that it appears likely the top of the year in 2026 may extend to a top between 7225 and 7569 (possibly in Q2), before various cycles may induce a decline toward the traditional 4-year cycle low due in the
Autumn of 2026. Further, the strength of the recent upward momentum is such that the top could become a blow-off top and, therefore, may not be signaled
by any divergences. Think about something similar to the recent Gold […] continue reading