Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, November 9, 2011

S&P500 9th November 2011

 Daily Chart

 The resistance of the last three trading day of 1263, which was the 61.8% fibo level of the fall from 1292 to 1215, was overcome with a a good bull candle closing above the green neckline.

A retest of the breakout level and resumption of the uptrend seems to be on.Support on rising wedge at 1257.
Resistance at 1292 and Support at 1215.

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Happy Trading !!
Lakshmi Ramachandran

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