Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, October 1, 2012

S&P500 1st October 2012

Weekly Chart 

 Daily Chart

 The pullback continued but support at the 1429 low made on 9th and 26th September held. The huge gains made on the 27th was retraced by 76.4%  before bouncing from it's support.OBV has broken below it's support corresponding to S&P's 1429.So there is a possibility it may break. Daily stochastics has turned up from the oversold region indicating some more upsides.

Watch for a break above 1450-1433 for immediate direction.

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Happy Trading !!
Lakshmi Ramachandran

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