The S&P 500, having bounced off support, is projected by Hurst Cycle Analysis to reverse near its current level and decline into a 20-week cycle low around the third week of August, likely finding support around 6,000 (+/- 50) at the 20-week Forward Line of Demarcation (FLD).
April 7, 2025, was an 18-month cycle low, and the next 40-week cycle (= 9-month cycle) troughs are estimated for early 2026 and late Q4 2026.
The Hurst Cycle Composite line for the Nasdaq 100 4-hour chart (orange) predicts a mid-August trough, a peak around late September 2025, and a subsequent decline.
Reference:


