Om Sri Ganeshaya Namaha

Om  Sri  Ganeshaya  Namaha
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Monday, April 22, 2013

S&P500 22nd April 2013

Weekly Chart 

A break and close below the   1576 top last week proving it was a false breakout.Oscillators showing weakness after turning down from the overbought zone indicates more fall in the offing.

Daily Chart

Support taken at the 200 Ema and low of 1539 on daily charts.Oscillators show the possibility of a pullback with the stochastics in oversold zone and the Rsi14 at support which has held during the last three pullbacks.

Daily Chart showing oscillaotrs

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Happy Trading !!

Lakshmi Ramachandran

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