Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, September 26, 2011

S&P500 26th September 2011

Weekly Chart

Daily Chart

The bear flag broke decisively and Friday's action just seems to be a pause in the fall. Have redrawn trendlines on the weekly chart to form a pennant with resistance at 1220 and support at 1117 for the week.So a fall below 1117 - 1101 could accelerate downward momentum. 1010 should prove a good support.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: