The Trust Layer for Market Analysts

The analysis assesses the SPX500, focusing on the potential for a topping formation in October. It identifies a 10-week oscillation low around April and late June, with uncertainty about the current 10-week oscillation low. The analyst considers the rally as extended, indicating a need for a longer topping formation. It also mentions the 4-week cycle, however the cycle appears to be deviating. The analyst points an 'inversion' with early breakdown. In early October the analysis shows some weakness with double tops.Analyst states the desired scenario would consist in quick drop early in the week that would be followed by a bullish cycle that will turn into market top, leading to the expected correction. A broader perspective using the 28-year cycle and inflation-adjusted S&P suggests the market might be breaking out of its channel, but the underlying weakness is still latent and more time may be needed to see the market correction.