Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Friday, December 7, 2012

S&P500 7th December 2012

Daily Chart

S&P 500 remains below the blue uptrendline from 1074.The recent moves are well channeled and shown in red.Trade above 1415 can taregt 1435 which will be strongly resisted by the channel resistance line and previous resistance points marked on the chart.If trades beow 1415 then could target 1404 which is the support at the support line of the channel.

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Happy Trading !!

Lakshmi Ramachandran

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