S&P500 24th July 2012

Daily Chart 

 Broken and closed below the bear flag once again. The redrawn uptrendline has support at 1342.70.

200 day ema at 1322 and previous low at 1325 which should be good support.

Oscillators exhibiting weakness.

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com