Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, February 27, 2012

S&P500 27th February 2012

 Weekly Chart

Daily Chart

Upward momentum waning as shown by the narrowing daily range.Stochastics has reached overbought levels  on weekly charts and showing negative divergence.On daily charts the stochastics and Rsi14 are showing negative divergence from the overbought region.As suggested in an earlier post part profit booking would be prudent.

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Happy Trading !!
Lakshmi Ramachandran

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