Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, November 1, 2011

S&P500 1st November 2011

 Daily Chart

Two inside days resembling an evening star pattern if the upper shadow of thursday is ignored.This is a bearish reversal pattern. 1259-1253 is crucial support, break of which will give rise to some more fall.1210 is strong  support.

Good supports at 1259-1249-1235. Resistance at 1271-1285-1292.

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Happy Trading !!
Lakshmi Ramachandran

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