DeMark Sees S&P 500 Falling 5.5% After Peak Near 1,500

The two-month rally in U.S. stocks will end as the advance in the Standard & Poor’s 500 Index toward 1,500 depletes buyers, according to Tom DeMark, the creator of indicators to show turning points in securities. The benchmark index for U.S. equities will climb to an intraday high of 1,492.73 and form a sell signal on a daily Combo indicator, which is designed to identify market tops and bottoms, said DeMark, who has spent more than 40 years developing market-timing indicators. The S&P 500 will then fall at least 5.5 percent, he said. 

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