Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, January 21, 2011

S&P 500 update --21st January 2011

Daily Chart

Support taken on the short term uptrendline. The candle is bullish showing good support at lower levels.Expect  bulls to take advantage of this. From the low of 1174 this is the largets pullback of 25 points. Rally to previous highs possible if the support at 1272 is held. Else expect a test of support at 1254.

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Happy Trading !!
Lakshmi Ramachandran

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