Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, December 9, 2010

S&P 500 update --9th December 2010

 Daily Chart

Support taken just below the 23.6% retracement level of rise from 1174-1235  and closed at a new high since the March lows.Failure to cross the high of 1235 could lead to  bearish implications from the rising wedge shown on the chart, which  can be avoided if trades above 1228.

Supports at  1220-1211-1204. Resistance at 1235.

Happy Trading !!
Lakshmi Ramachandran

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