S&P500 16th November 2011

 Daily Chart

Indecision within an equilateral triangle and with the last two day's trade within Friday's bullish candle's range.Breakout on either side should give a significant move as the resistane at 1267 is very close to the green neckline at 1272 and the support at 1236 coincides with the 200 dema at 1237.

Trade in the direction of the breakout.



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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com