Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, October 13, 2011

S&P500 13th October 2011

 Daily Chart

Trendlines are amazing to trade with and the red trendline proved to be a good level to take some profits on longs.For those who haven't , a tight stop at 50 dema,1189, which is also the two day low would be prudent.
The oscillators and OBV have crossed their corresponding highs made on 31st August at 1230.So remaining longs could make you some money.

Resistance at 1220-1235  Supports at 1186-1189.

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Happy Trading !!
Lakshmi Ramachandran

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