Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, January 16, 2012

S&P500 17th January, 2012

 Weekly Chart

 The upmove continued in a lacklustre way with the previous top of 1292 proving stiff resistance.Negative divergence seen on the stochastics in the overbought region.This could lead to a pullback.

 Daily Chart

A lower high lower low candle.Negative divergence seen on daily stochastics too.Cautious on longs.

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Happy Trading !!
Lakshmi Ramachandran

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