Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Saturday, November 17, 2012

S&P500 16th November 2012

Daily Chart 

 A spinning top was formed on daily charts. Spinning tops are candles  having a small body with upper and lower shadows longer than the length of the body. Spinning tops signal indecision.Having reached the 61.8% retracement level such an indecision could indicate a bounce which would be a good oppurtunity to sell into.

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Happy Trading !!

Lakshmi Ramachandran

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