Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, November 9, 2012

S&P500 9th November 2012

Daily Chart 

Extremely bearish signs with the uptrendline from 1074 breaking down.Close for the week below this line would be a break down from the rising wedge which I have been showing for some time.This would turn the trend down.
Meanwhile the pennant target is at 1350.The channel target is at 1332.

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Happy Trading !!

Lakshmi Ramachandran

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