Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, November 18, 2010

S&P 500 update --18th November

 Daily Chart

Bears were stalled yesterday with a doji in a very tight range.The daily stochastics has reached oversold zone making it ripe for a bounce or sideways move.The 50 dema is still not violated which is a positive, and has support at 1169.

Supports are at 1173-1169-1155   Resistance at 1183-1189-1194.

Happy Trading !!
Lakshmi Ramachandran

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