Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, March 21, 2011

S&P 500 update --21st March 2011

Weekly Chart

Correction seems to be in full swing. Macd has gone into a sell mode and stochastics indicates further fall.

Daily Chart

The Inside day pattern broke on the upside as anticipated. The rally though met with selling at the highs ending with a long bearish upper shadow and a close within the Inside day's range.This indicates bulls exiting at highs. Oscillators too showing weakness.

Supports at 1174-1177.

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Happy Trading !!
Lakshmi Ramachandran

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