Weekly Chart
Daily Chart
Technically the S&P 500 is in a sideways mode since the low of 1010 made in July 2010 is intact and the high of 1370 made in May 2011 has to be taken out to continue the uptrend once again.So broadly the Resistance is at 1370 and Support at 1010.
The short term uptrend from 1075 is intact and may find resistance at 1292-1300-1328.
Supports are at 1262-1242-1221.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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