Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, September 15, 2010

S&P 500 update --15th September

 Daily Chart

Dangerous doji at neckline resistance trying to scare away the bulls. The doji stands for indecision . To be seen whether the bulls give up or successfully break above the neckline. Moving averages  are giving bullish crossovers -- 10dema > 20, 50 and 200 dema ,  and the 20 dema > 50 dema   implying  the bulls are gaining strength.

The doji at neckline resistance is a caution to the bulls.Wait for a decisive closing above this resistance to get short term bullish.

Happy Trading !!
Lakshmi Ramachandran

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