Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Thursday, November 15, 2012

S&P500 15th November 2012

Daily Chart 

 Supports not holding indicating more selling can be anticipated.The fall in April 2012 to June 2012 was of 155 points which translates to 1420 for this fall.This level coincides with the 38.2% fibonacci level retracement for the  1074 to 1475 rise. A fall below this could mean a deeper correction and possible reversal of trend.

Subscribe to my Daily Newsletter.Write to

follow me on twitter!/lucksr

Happy Trading !!

Lakshmi Ramachandran

No comments: