Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, August 3, 2011

S&P500 3rd August 2011

 Daily Chart

Daily Chart II

Bearish signals reinforced with break of 200 dema, the red uptrendline from March 2009 lows  and the neckline of the bearish head and shoulder pattern shown in chart II.

Positive divergence in the stochastics intact. Target of the head and shoulder pattern at 1050.Sell on rises.

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Happy Trading !!
Lakshmi Ramachandran

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