Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, December 17, 2012

S&P500 17th December 2012

Weekly Chart 

Daily Chart

Shooting star on the weekly charts indicates some more weakness which may be the consolidation necessary for forming the right shoulder of the inverted head and shoulder with the red neckline at 1435 as can be seen on the daily charts.Supports are at 1398-1385 failing which we may be forced to assume that the downtrend may have resumed.

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Happy Trading !!

Lakshmi Ramachandran

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