Daily Chart
The S&P500 finally relented and formed a bearish morning star pattern. This is bearish top reversal pattern. Only a move above the high of 1296 will negate this bearishness.Negative divergences have been persisting since some time acting as alerts for a correction.
Supports at 1272-1262-1254. Resistance at 1285-1290-1296.
follow me on twitter http://twitter.com/#!/lucksr
Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com
No comments:
Post a Comment