Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, August 2, 2011

S&P500 2nd August 2011


 
 Daily Chart



 Daily Chart



A high wave candle showing extreme confusion among market participants about further direction.Since the S&P 500 is in a downtrend this could be an alert of a possible change in direction.With the 200 dema proving good support and the  Stochastics is showing positive divergence in the oversold area watch if today's candle supports the change. 

Negatives are a decisive close below the down trendline from 1371.Macd has given a sell.




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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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