The is at it's lowest level since 2007 and the DOW is up against the top of a 70 year channel. Dan Greenhaus from BTIG made a nice observation of the . Each time the hits 16 % or lower, this is follow by a losing streak in the S&P , see table.
He finishes his commentary with this recommendation for the advisers " This is a good time to remind clients that August and September are not good months historically speaking."
Something to think about
SOURCE : BUSINESSINSIDER.COM