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.