Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, March 16, 2011

S&P 500 update --16th March 2011

 Daily Chart

 Broke support at 1294 and 1272 with furious speed. Buying support came in fast and has formed a long lower shadow .Stochastics has shown positive divergence.A pull back to this fall may have begun.The close is exactly at the 23.6% retracement level. Other fibonacci resistances are at 1294-1303-1313.

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Happy Trading !!
Lakshmi Ramachandran

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