Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, June 15, 2011

S&P 500 update 15th June, 2011

 Daily Chart

The hesitation by bears was taken full advantage by the bulls and the S&P500 had a good pullback to the green support line which was broken on 3rd June. Resistance from this trendline for today is at 1292 which was also the high yesterday.  23.6 %  and 38.2% fibo levels of fall from 1270 is at 1290 and 1305. 50 dema is at 1315. Any recovery only after clearing these resistances.
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Happy Trading !!
Lakshmi Ramachandran

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