S&P500 Summer low 1258 on 16 June

Weekly Pivot 1274 support is possibly signalling a trend change with bias still to the down side.
Bear target  1250 next week with strong support at 1220 for a summer low by 30 June or 8 July.
Bull target 1295 weekly ema(5).

Trade	Price	Stop	Target	Low/High	S1/R1	S2/R2
Buy	1250	1240	1284	1292	1290	1307
Sell	1285	1295	1248	1258	1255	1240

YEAR	HIGH	DATE	LOW	DATE	Points	DAYS
2011	1371	02May	1258	16Jun	113	33
2010	1220	26Apr	1011	01Jul	209	49
2009	956	11Jun	869	08Jul	87	19
2008	1440	19May	1200	15Jul	240	40
2007	1540	01Jun	1484	27Jun	56	17
2006	1327	08May	1219	14Jun	108	26