Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, July 13, 2011

S&P 500 update 13th July, 2011

 Daily Chart

The bias remains negative with a lower high lower low candle. However the long upper shadow shows bulls were active and have not given up.Strong support at 1308 and the stochastics fast approaching the oversold zone may see some pullback.Till  1357-1371 is crossed the trend remains down and any pullback will be  sold into.

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Happy Trading !!
Lakshmi Ramachandran

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