S&P 500 Weekly Analysis: Correction Toward 7500

Week 37, 2026 | -0.7% | -2.1% below all time high

• The S&P 500 continues its correction into the cycle weakness window, which makes a test of the 7500 point zone very likely.
• The S&P 500 is in a cycle of weakness that started on August 28 and runs to October 16, suggesting a 4% to 9% correction indicated by the green box on the chart.

Daily Technicals
Levels marked in red on the chart.
The 7500 mark stands as the next key support zone to the downside.

• Bullish: 7500 Zone
• Bearish: 7800 Zone

Short Term Risk

• No signal this week.
• Buy and sell score decreased and leave room for new signals.

Bottom: Buy score in green, sell score in red, S&P 500 in black.
Top right: Zoomed in version. Top left: Buy and sell signals appear as vertical lines. Light green lines indicate buy signals that occurred while the system was already at target allocation.
Sign up with your email for free to receive buy and sell signals as soon as they occur:

Long Term Risk
Very Low Risk | Low Risk | Elevated Risk | High Risk | Very High Risk

• Nol change.
• The long term risk indicator shifted to low risk in mid July 2026.

Top: Indicator with internal signals determining risk levels.
Bottom: S&P 500 in black with risk regimes ranging from very low to very high (white, grey, orange and red shaded areas).

Seasonality

• Weak September.
• Seasonality suggests a very strong Q3 start, followed by weakness in August and September.

Dashboard
All information summarized in our dashboard: