Looking for a medium term buy setup

It's been about a month since last post in which a short term setup for a bottom was expected. Turned out there was four short term setups...a rally, a correction, a rally, and finally the current correction. At that time I questioned and doubted a medium term buy setup due to the January Effect. Unless the SP500 rallies back above 1074 (January monthly close) tomorrow June 30th then the January Effect will be full-filled.

The current correction have probed below the SP500 1040 support levels. No doubt I believe the SP500 will go down more before an important medium term and possibly a long term bottom will be established. This is a large bottom range but I'm looking for buy entries around the SP500 1000-1040 level and this is where I'm looking for a medium term bottom to occur. From these price level I'm expecting the SP500 (and stock market) for the rest of 2010 to attempt to rally back up, at minimum, toward the recent highs set in April.