Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter http://twitter.com/#!/lucksr

Wednesday, August 3, 2011

S&P500 3rd August 2011



 Daily Chart




Daily Chart II


Bearish signals reinforced with break of 200 dema, the red uptrendline from March 2009 lows  and the neckline of the bearish head and shoulder pattern shown in chart II.

Positive divergence in the stochastics intact. Target of the head and shoulder pattern at 1050.Sell on rises.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

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