UBS Sales Desk: Technical Rally To End Shortly, Lows Could Be Retested Late July – ValueWalk Premium

UBS Sales Desk: Technical Rally To End Shortly, Lows Could Be Retested Late July

The stock market Brexit bounce is likely to be short-lived, says a report from UBS sales trading desk. On a technical basis, wave patterns could take stocks higher in the short term, but a gravitational pull might take place near the major political conventions in July.

Brexit sell-off generated fear, but not panic
The Brexit sell-off that occurred mostly on Friday and Monday did technical damage, according to the independent views of Michael Riesner . . .

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