Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, December 19, 2011

S&P500 19th December 2011

 Weekly Chart

 Daily Chart

 The weekly candle is bearish and made a lower low lower high.The triangle formed is an equilateral one making it difficult to predict the direction of the breakout.Oscillators on weekly and daily are neutral except the daily stochastics which is in oversold zone.So better wait for a break of the triangle resistance or support and trade in that direction.Between these two levels will be a listless market full of whipsaws.

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Happy Trading !!
Lakshmi Ramachandran

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