SPX Analysis by @jbcycles

The analysis suggests that the market, specifically the SPX, is losing momentum, forming a topping pattern, and breaking trendlines. It anticipates a deeper correction than initially expected, potentially leading to a bull market top. The analyst references cycle analysis, specifically the 3.5-year cycle and a corresponding wavelet to identify similar bull markets in history, expecting some kind of top this fall, transitioning into a bearish part. The video mentioned that, it starts breaking down and recovers and extend the bull market in the bullish 28 year cycle but the analyst favour the bearish outcome and can not exclude the bullish one. It shows that the green average topping face, but is expecting for the market make all time high this summer in the other hand the analysis mention if has see my videos before you know that we have a five week rally period and this would need a great correction to start the break. The analist prefer a five week period and after start making a topping and making consolidation this is going to rally again with a target of 6000, if the market lose the 4000 point in this area will invalidate the analysis.