Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, June 17, 2011

S&P 500 update 17th June, 2011

 Daily Chart

The S&P500  formed  a doji which with equally long upper and lower shadows showing extreme indecisiveness.The 200 dema holding on close once again is encouraging.The Rsi14 and stochastics are showing positive divergence after turning up from the oversold region.A few positives appearing .Pullbacks may occur due to these technical reasons but the bears are winning at the moment. Watch for strong support to come in at the March low at 1249.

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Happy Trading !!
Lakshmi Ramachandran

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