S&P500 3rd January 2011

Monthly Chart

Must cross and trade above 1370 to avoid forming the right shoulder of the bearish head and shoulder pattern

Weekly Chart

 

Daily Chart

Still in range between 1371-1075.A breakout is required to clear this congestion.Resistance at 1278-1292-1320. Support at 1208-1158.


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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com