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Tuesday, October 23, 2012

S&P...What Ahead for it??

In the longer term chart S&P faces tough tough resistance in the region of 1499 & 1526 and this's the area where it will face good amount of supply & could correct somewhere from there. Only continuous closing above 1527/1530 would signal a breakout.

 In the short term chart it faces immediate resistance around 1465/1484.

 Currently at 1433.82
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