S&P 500 Sell Signals Indicate Limited Gains: Technical Analysis
This article is for subscribers only.
The Standard & Poor’s 500 Index may be unable to gain further after climbing 16 percent from this year’s low, according to John Fletcher, an exchange-traded fund specialist and technical analyst at Charles Stanley in London.
A sell signal for the benchmark index for U.S. equities has been triggered after 13 days on which the gauge closed at a higher level than two days previously, Fletcher said in a phone interview today, citing indicators developed by Tom DeMark of Market Studies LLC.