Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, September 17, 2012

S&P 500 17th September 2012

Weekly Chart

Daily Chart 

Resistance Zone

Closing above the rising wedge nullifies it's bearishness.The high volumes on the weekly candle indicates serious buying.
Chart above shows the S&P500 in a resistance zone.With oscillators in the overbought zone in the daily and weekly charts partial profit taking would be prudent.

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Happy Trading !!
Lakshmi Ramachandran

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