Weekly Chart
On checking the weekly charts, found that the S&P 500 was up against very strong resistance at 1220 and rightly reacted from the level. This level has been good support and resistance several times in the last six years ! The weekly has formed an " Inside pattern " which shows indecision. look for a break from the previous week's high or low at 1227-1177.
Daily Chart
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
1 comment:
mm.. looks like u r trading silently in S&P , Marc faber is watching :) excellent chart mam, onceagain the TOP means... OMG. i am the happiest person :D
regards
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