Weekly Chart
Daily Chart
Resistance Zone
Closing above the rising wedge nullifies it's bearishness.The high volumes on the weekly candle indicates serious buying.
Chart above shows the S&P500 in a resistance zone.With oscillators in the overbought zone in the daily and weekly charts partial profit taking would be prudent.
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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
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