SP500 Update

Here is an update on the SP500 including two Curves below outlining two different projections we could follow . Both Curve No 1 and 2 point towards a Low on the 24th June so if we continue moving down into that point it could be a good area to take profits if you are on the short side or alternatively you could wait for that date to come in and then a few days beforehand we should be able to qualify if the market is either setting up for Top or Bottom into that point . If we do get bottom on this date we could be up till the 25th July for Top as outlined on Curve No 2 .

Curve No 1 also points towards a Low on the 24th June then up till the 6th July then down till the 25th July for Main Low . The two key dates to watch are the 6th and 25th July as they are very strong Cycle points and we should get a considerable shift in market sentiment off these two dates - the 14th July is also another Minor Cycle point but the three dates to watch are the 24th June for the time being then the 6th and 25th July . It is advised to wait for these dates to come around and then we can determine whether the market is either setting up for Top or Bottom into these dates and at that point we will have a clear picture of how the market is going to move out of those dates .

Here is some more information - the 15th - 16th could either set up for minor top or bottom but please note this is only a minor date and the key date to watch is the 24th June so there are two strategies we could work with . If price moves down into the 15th - 16th and you are short from the 2nd June Top level you may have an opportunity to lock in some profits and then wait for another week for the 24th June to come in - or if the 15th - 16th June come in as counter trend top which is the preferred scenario then we could look to short that Cycle and hold the position for a week down till the 24th June where Low is indicated but make sure you have time based stop in place above the cycle date high .