Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, September 21, 2010

S&P 500 update --21st September

Daily Chart

The follow up to the pennant breakout was good with yesterday's huge bullish candle crossing and closing above the 61.8% fibonacci level. This move has a target of 1152 , top of 1131 + head to neckline 21 points.

Support at 1122, low of the pennant breakout day.    Resistance from the green trendline is at 1161.

Happy Trading !!
Lakshmi Ramachandran

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