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
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