Weekly Chart
Rising wedge forming with resistance at 1335 and support at 1155. Good support at 1227. Till this holds the cup and handle pattern target of 1774 is valid. The pattern was shown in my post on 6th December 2010 . You may read it here
http://vipreetinvestments.blogspot.com/2010/12/s-500-update-6th-december-2010.html
Daily Chart
The uptrend is intact. Support at 1275 and Resistance at 1320.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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