S&P 500 predicitions into the end of 2011 | S&P 500 Technical Analysis

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.