Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
follow me on twitter!/lucksr

Wednesday, December 12, 2012

S&P500 12th December 2012

Daily Chart 

  Breakout from the cup and handle pattern gives a target of  1506 which seems a little unrealistic at the moment.However, one should keep it in mind and watch the followup action.Resistance at 1435 was hit making it a key level to contend with.The 76.4% retracement levels is at 1443 coinciding with the red channel support line at 1442.Watch for this strong resistance at 1435-1443 to be crossed.

follow me on twitter!/lucksr

Happy Trading !!

Lakshmi Ramachandran

No comments: