Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Thursday, December 27, 2012

S&P500 27th December 2012

Daily Chart 

 S&P500 broke below the red uptrending channel and the uptrendline from 1343 lows decisively.The channel break down gives a target of 1394.Supports are at 1412-1398-1385.Efforts to close above the uptrendline at 1430 is required on good volumes to change to a positive bias.

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Happy Trading !!

Lakshmi Ramachandran

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