Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, November 2, 2011

S&P500 2nd November 2011

 Daily Chart

Daily Chart II

A lower top at 1292 in place? Seems so with a decisive break of the short term uptrendline which of course was very steep and begging to be broken.Confirmation of the lower top technically would be on a break of the lower low of 1075.

Watch if the strong support range of  1190-1210 provides enough support for the uptrend to resume.

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Happy Trading !!
Lakshmi Ramachandran

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