Om Sri Ganeshaya Namaha

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

Friday, August 5, 2011

S&P500 5th August 2011



 Daily Chart





 Changed the candle colors to show what a bloodbath it was yesterday! The break from the head and shoulder pattern and uptrendline from March 2009 lows is certainly decisive. Target of the H&S pattern of  1150 looks achievable.Other lower targets are 1130-1100 , fibo retracements as shown on the charts.

Resistances on a pullback are at 1215-1223-1231-1238-1258.


follow me on twitter http://twitter.com/#!/lucksr

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com

No comments: