Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, November 11, 2010

S&P 500 Update 11th November, 2010

 Daily Chart

 The sequence of lower top lower bottom candle continues.Important support at 1204 on up trendline from 1040.The recovery yesterday from lows of 1204 has closed above the 61.8% retracement level of fall from 1227 to 1204.This raises the possibility of testing the high of 1227 again.

Support at  1204-1182.  Resistance is at 1227.

Happy Trading !!
Lakshmi Ramachandran

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