S&P 500 at Upper End of Channel Signals Stocks Will Drop – Bloomberg 08-07-13

Salient to Investors:

Roelof-Jan van den Akker at ING said the S&P 500 Index may fall as much as 8.7 percent to support around 1,540 after climbing to the upper limit of its rising channel, followed by other markets.Van den Akker said the S&P 500 will then rebound.

Read the full article at  http://www.bloomberg.com/news/2013-08-07/s-p-500-at-upper-end-of-channel-signals-stocks-will-drop.html

Click here to receive free and immediate email alerts of the latest forecasts.