Weekly Chart
Made a higher high and low candle retesting the resistance line of the falling wedge. Support at 1342 needs to be held to keep the rally intact.The ongoing rally could be the leg up for the red rising wedge which has resistance at 1439.
Daily Chart
The bearish harami, mentioned in my post for 6th July, took it's toll and the S&P melted below the neckline.Supports now at 1344 and 1332.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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