Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Friday, May 18, 2012

S&P500 18th May 2012

 Daily Chart

Extremely bearish candle closing below the 200 dema.The 1290-1292 area should hold as it is the 38.2% retracement level of the rise from 1075 and the peak made in October 2011.The triangle pattern target is at 1295.If fails then will slide to 1250-1202.

follow me on twitter!/lucksr

Happy Trading !!
Lakshmi Ramachandran

No comments: