Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, October 10, 2011

S&P500 10th October 2011

 Weekly Chart

Last week's bearish candle did have it's effects Good support taken at 1075.If the downtrending channel holds then bullishness could continue and a break out will confirm it.

 Daily Chart

Daily charts show a pause. Crucial resistances at 1177-1187-1120  need to be taken out for the upmove to gather momentum.The positive divergence spotted on the 6th contues to encourage the bulls.

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Happy Trading !!
Lakshmi Ramachandran

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