Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, December 13, 2012

S&P500 13th December 2012

Daily Chart 

A shooting star was formed showing bears are very active at 1435 which is proving stiff resistance.Shooting stars are a bearish reversal candle pattern.A bearish candle closing below the low of the shooting star will confirm more bearishness to come.
  1420 is support on the green neckline and the black uptrendline from 1074 levels.

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Happy Trading !!

Lakshmi Ramachandran

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