Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, December 3, 2010

S&P 500 update --3rd December

 Daily Chart

A good follow up to yesterday's bullish candle closing well above the resistance of 1220 and 61.8%  retracement level of fall from 1227-1773. Scaling this would make the Inverted head and shoulder target of 1246 achievable.

Resistance at 1227.  Support at  1211-1203-1197.

Happy Trading !!
Lakshmi Ramachandran

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