Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, January 6, 2012

S&P500 6th January 2012

 Daily Chart

An Outside day occured but within the inside day range of yesterday.Confusion galore.Meanwhile the 50 and 200 dema have given a golden cross.This is a very bullish signal.However strong resistances at 1285-1350-1371 need to be crossed convincingly for the bullish scenario to continue.

Immediate direction will be clear on the breakout of the Inside day range  which is 1285-1259.

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Happy Trading !!
Lakshmi Ramachandran

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