Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, October 22, 2012

S&P500 22nd October 2012

Weekly Chart 

Daily Chart 

 Back into the range after breaking down last week and showing promise of some direction even if it was the downward direction.The weekly candle is a shooting star which is a bearish candle.Alternatively, it could be a hammer, a bullish candle, at the strong support of 1429.Sadly we have to wait for today's candle to tell us which one it is.
Oscillators showing waning upward momentum point to a shooting star.

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Happy Trading !!

Lakshmi Ramachandran

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