Hurst Cycles Analysis Update for the S&P 500 and NASDAQ | David Hickson

The S&P 500 formed a subtle 80-day cycle trough around June 23, 2025, and is expected to rise toward a 20-week cycle peak in mid-July 2025 with moderate upward momentum (red dashed line). 

  

 

A decline into a 20-week trough is anticipated around mid-August 2025, with a longer-term target of 7,233 later in the year.

 

The NASDAQ is expected to continue its bullish trend, moving upward to form a 20-week cycle peak around mid-July, followed by a decline into a 20-week cycle trough expected in mid-August to early September. 

 

Reference:
David Hickson (June 30, 2025) - Hurst Cycles Market Update. (video)

 

 See also: 

David Hickson (June 17, 2025)  - Hurst Cycles Timing & Straddled Troughs in the S&P 500.  

TPR (June 27, 2025)  - Cosmic Cluster Days | July 2025. 

Jeff Hirsch (June 25, 2025)  - July 2025 Post-Election Seasonal Pattern of US Stock Indices.