Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, October 23, 2012

S&P500 23rd October 2012

Daily Chart 

Yesterday's candle was a hammer at the support line of the flag pattern shown in black.50 day Ema was violated intraday but close managed well above it showing good buying support.The close was also above the 1327 support zone.All bullish symptoms.Expect a move towards resistance line of the flag pattern.

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Happy Trading !!

Lakshmi Ramachandran

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