Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 22, 2011

S&P500 22nd June 2011

Daily Chart

Bullish candle on increased volumes providing more confirmation that a short term uptrend may be in place. The bounce from the 200 dema makes it more authentic. Macd is in buy signal nand the stochastics and Rsi14 are moving up showing renewed strength.

Refer to yesterday's chart for the fibo resistance levels  (  ). 50 dema resistance at 1308 and downtrendline resistance at 1306.                                    

Supports at 1278-1267-1258.

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Happy Trading !!
Lakshmi Ramachandran

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