Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

S&P 500 ES-6-11 (Futures Contract) Technical Analysis on S&P on 4/3/11; Projections based for 4/11/11 - 4/31/11

|Includes:SPDR S&P 500 Trust ETF (SPY)


The following images are some technical analysis projections for the S&P E-mini 6-11 Futures Contract.  All the analysis was done on NinjaTrader using the Yahoo Data Feed.

With increased volatility and low volume on the S&P, I think it's a good time to get a look at how things stand on the technical side of analysis.

The analysis does not give a "set" prediction, but instead provides insight into what form/trend the S&P price action may heading into.  In the images provided, I outline what signals and indicators too look at in order to closely follow S&P's unfolding price action and future price movements.

At this point on 4/3/11, the main question from the technical analysis is:  will the S&P continue its uptrend rally and reach new, sustainable highs?  Or, will the S&P form a double-top and perhaps sink back into consolidation or a downtrend?  Also, if there is futher consolidation, will there be a continuation of the long-term uptrend at that point?  Are we still on set to see the S&P at 1400 by the summer or end of 2011?

In the next week or so: 4/3/11 - 4/12/11; the S&P and various data should give a better indication of which path its price action may pursue.


BRS&P 500 E-mini ES 6-11 Analysis #1Click to enlargeS&P 500 E-mini ES 6-11 Analysis #2Click to enlarge

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Stocks: SPY