Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, September 5, 2012

S&P500 5th September 2012

Daily Chart 

The descending triangle now looks more like a Pennant forming which is a continuation formation, indicating the uptrend should resume with a break out from the resistance line.

 Support at 1396  becomes a crucial level to watch for the bulls.

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Happy Trading !!
Lakshmi Ramachandran

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