When will the next key cycle top of the S&P 500 (SPX) arrive? Based on technical analysis, it is expected around September. Starting from the bull market top in January 2022, there is a complete cycle of approximately 81-82 weeks from high to high. The existence of this cycle does not mean there won't be adjustments in Q1— a 10% correction is entirely possible. Cycle theory tells us the overall direction, but it doesn't mean everything will be smooth sailing in between. The key is to understand the market's rhythm: some adjustments are normal fluctuations within the cycle, while others are genuine turning points. Those looking to buy the dip or short should first clarify which phase of the cycle they are in. A four-year major cycle combined with smaller technical cycles can reveal true market opportunities.