Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, December 5, 2012

S&P500 5th December 2012

Daily Chart

The pullback became decisive with the S&P breaking and closing below the short term uptrendline.The weakness can be overcome by a close above the 1416 mark.Else weakness will continue with supports at  1405-1393-1383-1374. The previous swing low is at 1385 and the 50% retracement level is at 1383 which makes it a strong support level.

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Happy Trading !!

Lakshmi Ramachandran

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