Short answer is No.
I believe the current Weekly Cycle W-SC-1 will be the low this year, the current weekly cycle low is 3636.87. I believe that low will stand for the rest of this year.
As for the SPX high this year. It was put in on January 4th.
Based upon current & projected cycles. I see the SPX possibly getting to 4400 by the end of November and closing out the year around 4500.
However, right now it's looking like the Monthly M-1 could be negated at the close of this month. If that happens, we could get a new Monthly Bull Cycle (M-S-2) confirmed during the month of August with a projected high of 4354.39, the high will be due at the end of August, if the Monthly Bull Cycle then continues into a M-2 (Overdue) with a projected high of 5328.19 (ATH), the high will be due at the end of February, so it would be possible for the SPX to get a new ATH before the end of the year, but I believe that would be a slim chance at this point.
But if the current Monthly Bear Cycle confirms a M-1 (Extreme Overdue) at the close of this month, the M-1 would then be projected to end in October. Which would push the possibility of a M-2 out to January with a high due May.
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