Technicals - S&P500 index - secondary sell signal generated

Angela Mangan

In our late August wire it was highlighted that the potential existed for the S&P500 index to generate a technical sell signal(VIEW LINK). The index technical sell signal was subsequently generated at 2127 on 9/9/16. Last night the S&P500 index generated a secondary technical top / technical sell signal. This further negative technical break re-enforces the expectation for a pullback to 2075. It is important to note that 2075 is the minimum expectation for a pullback.


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