Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, June 3, 2011

S&P 500 update 3rd June, 2011

 Daily Chart

The downside momentum did break the earlier low of 1311 but was quick to recover and form a long lower shadow. Though this shows buying support, the bulls were not able to sustain even 23.6%  of the bearish candle made on Wednesday and  closed  below it.  For today only a trade above 1330 will bring in some bullishness else test of 1291-1294 support on cards.

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Happy Trading !!
Lakshmi Ramachandran

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