Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Monday, July 2, 2012

S&P500 2nd July 2012

Weekly Chart

Closed above the 40 wema and managed to peek out of the falling channel. Support at 1350 on this channel for the week.

Daily Chart

Broke out of the expanding pattern in a hurry.The bear flag has resistance at 1381 and the 76.4% fibonacci retracement of the fall from 1422 to 1266 stands at 1385 which would ,make those levels the next stiff resistance.

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Happy Trading !! 
Lakshmi Ramachandran

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