Tom Lee’s updated $SPX forecast:
1) Big rally for rest of September. To as high as 7,900-8,000.
2) A potential 7% or so drawdown in October maybe into early November.
3) Buy that dip, because SPX will end the year as high as 8,200.
4) 2027 we will see the biggest SPX rally of our lifetime.
🚨 $SPX IS DOING IT AGAIN
THIRD TIME'S A PATTERN, FOURTH IS A LAW
Zoom out to the weekly
2020: top → -34% → landed on 2019 base near 2,400
2022: top → -25% → landed on 2021 shelf near 3,500
2024–25: top → -20% → landed on prior shelf near 4,800
Every leg up gets built on a consolidation zone. Every reset sends price right back to it
Not a crash into nothing. A return to origin
Now look at 2026
$SPX topped near 7,800. Currently 7,667 and the weekly is already curling over
The shelf this entire rally was built on sits near 6,400
That's the zone. That's where the machine resets
Roughly 17% of air between here and structure
And every prior reset needed a trigger nobody saw coming. COVID. Fed. Tariffs
The trigger is never the point. The structure is
Mega-caps are holding the whole index together. When leaders break together, the trip to the shelf takes weeks, not months
Same arc. Same landing zone. Fourth cycle in a row
6,400 is the magnet. Pin this
Turn on notifs. More market calls are loading