S&P500 16th July 2012

Weekly Chart

 

Daily Chart 

Back into the bull flag area with a good bullish candle.Weekly candle is a doji which is could be taken for a hanging man which has bearish implications. The fall in all probability may continue. A weekly close above 1337 would keep withing the bear flag.

 

 

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

Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com