S&P500 13th August 2012

Weekly Chart 

Weekly Chart II

Weekly looks bullish having broken out of two important trendlines shown on chart II ,and ready to hit the resistance line of the rising wedge shown in red.

Daily charts seconds the view showing a consolidation pattern in a pennant. 

Oscillators showing strength.

Daily Chart 

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Happy Trading !!
Lakshmi Ramachandran
www.vipreetsafetrading.com