I've been troubled lately by the FP on the SPY of 787.13 and all the calls for 8000, 8200, or even 8500 as upside targets. The history of the Fake Prints that I first discovered back in 2018 has been outstandingly accurate. The "when" part though has been super hard to figure out, but with the additional cycle work and technicals I have a much better "feel" for that "when" part now then 8 years ago. For reference, my first FP is below...
It came out on February 27th, 2018 and hit on September 20th, 2018... so it took 7 months to hit. This "time" isn't relative as some FP's hit in days, others in weeks and some still haven't been hit. My point is that they are very accurate and do mark important "turns", which some last for only days and others last for weeks or months. The FP of 787.13 came out on May 22nd, 2026 and with the market up near an important "blow off" top high, and everyone calling for 8000+ (even me) I have to step back and think about what would screw the most traders now. And with the long history of FP's that I've tracked I know that this 787.13 one is going to produce a very important "turn"... which I think will mark the high for at least several months, possibly the rest of the year. Below is that FP again...
Do I think we will reach 8000+? Sure, but maybe not until next year as the correction coming into the November election should be a deep one that will take some time to retrace back up to make a new all time high again. I think it's possible that we'll see the drop to the 692 FP on the SPY as the first stop after the 787.13 FP is hit. Then a strong rally that gets everyone sucked into thinking the low is in and that we are finally off to see 8000+, but I think it will only be a B wave bounce with the first drop being the A wave. Then a nasty C wave will follow into the 600.14 FP on the SPY in front of the November election. Below is that FP...
What I think is is play right now is some degree of a wave 4 that will chop up and down, making several ABC patterns before the last push up to the 787.13 FP into the next turn date of August 28th, 2026. If we see a pullback soon of maybe 150+ points, then I think we will see a final 5 wave move up (choppy and sloppy) to complete the final 5th wave to 787.13 into the end of this month. That will be around 7900 or so on the ES and once we are there no one will be bearish as everyone will assume 8000+ is next. But that should mark the high and from that level we should drop to the 7000 zone to hit the 692 FP for the A wave, then a strong rally back up for the B wave, which will again get everyone looking for 8000+, but it won't happen. The C wave down will hit the 600.14 FP right into the election to finish it all, and then the bottom is in for a long time and we see the blow off final rally into 2027, possibly 2028 where 8000 will be blown through like cutting butter and much higher levels will be reached. But that's too far out into the future to forecast.
