Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, December 31, 2010

S&P 500 update --31st December 2010

 Daily Chart

I  wrote "Negative divergences seen on short term oscillators which should be taken cognisance of since the daily minimal rise  shows lack of bull strength". The view proved right with a lower high lower low candle breaking below the short term uptrendline from 1232. The move was very small though, but then that is just how it has been all through this month !

Supports at  1251-1242-1232   and     Resistance at  1262-1265-1270.

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Happy Trading !!
Lakshmi Ramachandran

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