Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, August 1, 2012

S&P500 1st August 2012

Daily Chart

 A bearish candle with a lower high and low turning the bias negative.The pattern formed resembles an evening star though today's black candle should ideally have been longer.However with the oscillators on daily charts having  shown negative divergence one needs to keep note that bearishness may be creeping in.

Caution on longs.


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Happy Trading !!

Lakshmi Ramachandran

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