SP 500 For 22 June 2011 and 5 August 2011

Further to my previous post the following information is provided for consideration.


1260 as stated previously is strong support for the SP500 being 1080 + 180 and refer 21 March 2011 and 20/21 June 2011.

The 5 May 2011 is 45 days in time from 21 March 2011 and 90 points in price amounting to 1350 on the 2 x 1 angle.

The 5 May is also 45 days in time to the 21 June 2011 resulting in 1260 in price using the 2 x 1 angle creating an isosceles triangle.


The SP500 rallied on 21 June and therefore confirmed the 1260 Level as support and a double bottom.

The next price target that must be considered is 1305 being about 45 days in price and time from the 1350 level occurring on the 5 May 2011 near the target date of around 21/22 June 2011.

90 Days from 5 May 2011 will be 5 August 2011. Using the 3 x 2 angle may result in a target of 1215 which is also 45 days in time and price from 1260 on 20/21 June 2011.

The next few days should be interesting especially if the price target of 1305 is achieved and does not hold as resistance may be encountered.

We will all hold our breath to the 5 August and await 1215 if 1305 is achieved in the next few days!!

WARNING THIS IS NOT ADVICE AND YOU CANNOT RELY ON IT.

SP 500 Projection 21 June 2011 and 5 August 2011

It is extremely difficult to make accurate forecasts and I therefore reluctantly provide the following projection:
Based on my mathematical model I am expecting the following Time and Price Targets:

21 June 2011 Expected Price for the SP 500 is 1260.

This is 90 points from the top of 1350 on the 5 May in 45 days being 2 x 1 line.
It is also 90 days from 21 March  being a double bottom as well as 630 days from 21 September 2009 (price being 1080).

My model suggests that 1260 IS EXTREMELY STRONG SUPPORT.

IF 1260 SUPPORT IS BROKEN on or after 21 JUNE then the next important date is 5 August 2011.
This date being 5 August is 135 days from 21 March and 90 Days from 5 May and 45 Days from 21 June.
The Target price for 5 August is 1215 being a previous double top.
The rule a previous top becomes a bottom may eventuate.

WARNING. THIS INFORMATION IS NOT TRADING OR INVESTMENT ADVICE.
YOU CANNOT RELY ON THIS INFORMATION AS A BASIS FOR YOUR TRADING DECISIONS AND YOU MUST CONSULT A LICENSED INVESTMENT ADVISER BEFORE UNDERTAKING ANY INVESTMENT

BE CAREFUL AND TRADE WITH A STOP

SP 500 16 June 2011

Low for the day was 1261.90 almost 1260.

There should be support from 1254 to 1260 which is  is also a double bottom.

My cycle projection could be out by 1 day and therefore I am considering closing my short position on the SP500 and watching. IF IN DOUBT GET OUT!! AND ALWAYS TRADE WITH A STOP.

SP 500 Cash 13 June 2011

Trend is down maybe some support at 1260 before resumption of down trend

SP 500 3 June 2011

SP 500 Must hold 1 x 2 line for those who are long

Dow and SP 500 cash Projection 1 June to 6 August 2011

Timing is everything!!! Time will tell

SP 500 1 JUNE to 31 JULY