Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, April 10, 2012

S&P500 10th April 2012

 Daily Chart

Following the 5&10 dema cross sell signal would have paid off. Today's candle was bearish breaking below the uptrendline from November 2011 lows.Support taken at the 50% retracement level of the rise from 1340 to 1422.This could lead to a bounce. 
Supports at 1372-1357-1340 and Resistance at 1388-1395-1404.

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Happy Trading !!
Lakshmi Ramachandran

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