Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, June 27, 2011

S&P500 27th June , 2011

Weekly Chart
Daily Chart

Higher high higher low but a close wee bit below last week's.Caution on friday , "However the fact that the pullback from 1258 was retraced more than 80% alerts one to wait for confirmation signals of the bullishness.Till the downtrendline from 1370 is not taken out chances of the downtrend resuming is high", paid off as a sell off came in once again .

Good support at 1248-1249 -1246.

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Happy Trading !!
Lakshmi Ramachandran

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