Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, July 25, 2011

S&P500 25th July 2011

 Daily Chart

An Inside day pattern showing hesitation.The candle formed on the last day of the week too is a hanging man which is bearish. Approaching the highs of the rally at 1356-1371 needs more bullish moves to overcome the resistance. Hesitation at such zones may encourage the bears to take over.

Support at 1335-1327-1321  Reistance at 1356-1362-1371

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Happy Trading !!
Lakshmi Ramachandran

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