Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, August 1, 2011

S&P500 1st August 2011

Weekly Chart

 Daily Chart

The S&P has clearly made a lower high at 1356 and in danger of confirming a dow sell signal ( if the low of 1258 is broken) with a huge bearish candle ..Daily charts show the close below the minor previous low of 1296.

 Several supports around the 1276-1272-1268-1264 .With the news of raised debt ceiling the posssibility of the support holding for the time being is high.

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Happy Trading !!
Lakshmi Ramachandran

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