Weekly Chart
Daily Chart
The S&P500 has made a remarkable pullback having closed above the uptrendline from 1074 lows.It also closed above the downtrendline joining lower peaks made during the fall.The retracement has been exactly 50% of the fall from 1475 to 1343.This level normally leads to some pullback.Supports come at 1394-1384-1376-1368.
If continues up resistances are at 61.8% is at 1424 and minor peak at 1435.
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Lakshmi Ramachandran
www.vipreetsafetrading.com
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