Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Wednesday, January 2, 2013

S&P500 2nd January 2012

Daily Chart 

 The huge white candle made an Outside Day pattern which calls for a reversal of the trend.The bullish candle made yeterday and the breakout from the green flag supports the view. Resistance from the black uptrendline and blue downtrendline at 1435 & 1442 need to be successfully negotiated to regain bullishness.

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Happy Trading !!

Lakshmi Ramachandran

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