Market Turning Points - 2026

Divergence patterns when short-term cycles turn up while intermediate rolls over create counter-trend environments requiring tactical positioning. Short-term completed decline into lower reversal zone while intermediate turned down after eight-week advance. PCE at 2.8% reinforces setup. Below 2.8% extends strength into relief rally treated as swing opportunity with next sustained move projecting early-to-mid February. Long-term cycles contain breakdown risk while intermediate

Cyclical market pause when short-term cycles dip into minor lows represents routine digestion following steady runs, not distribution. Current setup shows brief pause over next couple days before cycle structure turns higher. S&P set for push into 21st while Nasdaq and Russell maintain momentum into month-end. Powell scrutiny and credit card cap uncertainty create temporary cooling as timing pause not trend change.