Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Tuesday, December 11, 2012

S&P500 11th December 2012

Daily Chart 

Trading was in a narrow range between 1415-1422.Trade above 1417, which is the support line of the rising wedge, keeps the S&P in bull territory.A break above 1421, which is the level on the neckline of the cup and handle pattern, will give rise to upward momentum.The red uptrending channel will provide resistance and support at 1440 and 1408.

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Happy Trading !!

Lakshmi Ramachandran

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