Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, November 19, 2012

S&P500 19th November 2012

Weekly Chart 

Daily Chart

 Weekly shows a decisive break from the rising wedge which shows more bearishness to come.
Daily charts show an Outside Day pattern which could be a sign of a short term reversal.A pullback is due too after the sharp fall. Immediate resistances would be 1365, pointed out on the chart and 1375 which is the 200 day ema.

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Happy Trading !!

Lakshmi Ramachandran

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