Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, October 27, 2011

S&P 500 27th October 2011

 Daily Chart

 The bias is down with a lower high and lower low for the second day in a row.The positive is the close is above the 200 dema once again.You have the bulls on the upper side of 1258 and the bears on the other. Watch the 1258 level for further insight into strength or weakness.

Resistance at 1270 on the green neckline of the bearish head and shoulder pattern.

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Happy Trading !!
Lakshmi Ramachandran

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