These are my targets for the next 6 months.
Looks like we have entered a triangle that will terminate at the latest early 2012. The targets I am looking at are 1230-ish and 1260-ish. At that time I am expecting substantially lower prices in the S&P500. Below are the downside targets if these levels prove to be resistance.
S&P500 : 1000 level and 850 level are expected. Watch for the break of the white line as confirmation lower levels are likely.
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