Daily Chart
The pullback became decisive with the S&P breaking and closing below the short term uptrendline.The weakness can be overcome by a close above the 1416 mark.Else weakness will continue with supports at 1405-1393-1383-1374. The previous swing low is at
1385 and the 50% retracement level is at 1383 which makes it a strong
support level.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment