The S&P 500 has rallied to a crucial point. A break above the yellow curve, currently around 6380, and the red line above it, approximately at 6400, will determine the market's strength. The eight-month cycle is still trending upwards, suggesting a high in August and potentially another in September. Shorter cycles also align with this upward trajectory. An expected two to three-day decline this week may set a low for today. Should the market surpass the 6400 level in the next few days and hold, it indicates a very bullish scenario, potentially a blow-off market. Levels include 6700 and 7200 and ultimately 7600. If 7600 hits, tub swings is another 1400 points. A long term momentum, momentum balance technique is giving targets around 7600 by end of year. Need protection due to high risk even with bullish trending.