Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, June 22, 2012

S&P500 22nd June 2012

Daily Chart

 Bearish candle after the resistance faced at 61.8% retracement level of fall from 1422.The uptrendline for the rally has been broken decisively and has already retraced 38.2%. 200 dema and the 50% fibo level coincide at 1315 to offer strong support.If does not hold the rall will be in danger.

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Happy Trading !!
Lakshmi Ramachandran

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