Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, December 7, 2010

S&P 500 update --7th December 2010

 Daily Chart

Slack trading and inability to cross stiff resistance at 1227 gave rise to an indecisive doji.The daily stochastics is in the overbought region which can lead to some pullback in the very short term.

 Resistance at 1227  and  Support is at  1216-1206.

Happy Trading !!
Lakshmi Ramachandran

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