Is a Major Top in on the S&P 500?
The biggest S&P 500 sell-off of 2026 hit on Friday 5 June. Is this just a pullback, or a major top forming?
In this update Andrew Pancholi walks through the evidence: the long-term price projections, the Fibonacci levels, and the time cycles that flagged this week's turn. From the 666 low of the 2009
financial crisis to the pandemic high, the Trump tariff top, and the overbalance now showing on the daily chart — the technical case is worth examining carefully.
Some uncanny measured moves are present to within one point. These are also discussed. We look at where the S&P 500 could go next, the downside Fibonacci targets in play, and the geopolitical cycles building into the back end of June around the 250-year anniversary of 1776.
