Written by:
Patrick Mikula CTA
Mikula Forecasting Company
www.MikulaForecasting.com
support@MikulaForecasting.com
Copyright © 2010 by Patrick Mikula All Rights Reserved

This is the fourth and final post which will discuss a coming top in the S&P500.   This is a long-term monthly chart going back to 2002. On this chart I have drawn a simple Pitchfork using the major turning points. Notice the S&P500 has almost returned to the Median Line. I expect this market to return to the Median Line around the price 1236 and then form a top on this Median Line. When looking at the monthly chart, weekly chart and daily chart the timing for a market top in the near futures all seems to be in alignment.

Pitchfork

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