Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, November 12, 2010

S&P 500 Update 12th November, 2010

 Daily Chart

After trading in the danger territory of possible break down from the uptrendline for a good part of the trading session, Bulls put up a good fight to keep the S&P500 from breaking yesterday's low and pushed it up to form a Doji. This may help in stalling the bears from being aggressive.Volumes have been falling on the fall which supports this view.

Support on the uptrendline for today is at 1206.Resistance is at 1216-1218-1226.


Happy Trading !!
Lakshmi Ramachandran

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