S&P 500 Update 24th January 2011

Weekly Chart

 Daily Chart

A slight blip this week after making a higher high and higher low for the eighth week in a row. The rising wedge  has good support at 1255.Only a fall below this level will put the uptrend in danger.

The daily charts show a break down from the uptrendline from 1174 lows.
Supports are at 1271-1267-1261. Resistance is at 1290-1296-1308.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com