SP500 back to 1150?

This is just my thinking, not advice. If you want to make money do the opposite.
I'm looking for a return to SP1150 starting near 7/2/10. If I see any strength by the close I may buy some TNA or BGU. An extended trendline from the January highs through the May lows may provide support. Also, the McClellan Summation Index is showing positive divergence indicating more stocks are advancing than declining relative to the June lows. The chart shows the McClellan Summation Index plotted in the upper window in white.  It is higher now than at the June lows.  This is divergence(the price made a new low but the indicator did not).  This effect can be seen at the February lows between price and RSI plotted in the lower window.  RSI is currently not showing divergence.  These indicators are not always correct so beware.  They should be used as a guide showing how the trend of price might be turning.  Price will not turn until it actually does.