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.
Angela has 30 years experience in the technical analysis field. Angela joined QMG as a technical analyst in May 2014. Angela was the technical analyst at Bell Potter for 16 years, providing technical analysis coverage to the retail and wholesale...
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