I anticipate that SPX has topped at 1332, point B, on this spike higher from the March 16th, 2010 low.
Next, I will calculate the decline to point C:
I have a very specific cycle that strongly correlates with the current pattern of trading and high today. The calculations based on that cycle indicates that C = 1.382A.
A = 1344.07 Feb, 2010 high - 1249.05 March, 2010 low = 95.02 SPX points
C = 95.02 points x 1.382 = 131.32 points
Therefore the bottom at point C is calculated to be:
1332 - 131.32 points = 1200.68 SPX
Furthermore, the length of time from the current 1332 top to the bottom calculated target at 1200.68 SPX should be equal in time to the March 16th 1249 bottom to current top 1332 (equal time cycle). This is approximately 11 trading days in total, and therefore my estimate of the bottoming date is:
Friday, April 15th, 2011 bottom at 1200.68 SPX
These are approximations, and I expect accuracy to within a few points, and within a few days. Also, notice (on the chart) the moderate decline to start with initially (in each yellow box), and then the acceleration down with a freefall. The moderate decline should take about a week with the freefall to start in roughly 1 week's time.
I will be expanding on details of multiple cycles in agreement in further posts.
In addition, this ABC move is corrective, with an aggressive rally up to the final 1352 SPX target to follow.