Short US500 | The triggers for the next 18% drop

27 Oca 2023

The US500 futures have declined about 18% during the past year's bear market. Most of the index's constituents are overbought and signal a top from here. VIX has been oversold for some time and is due for a rally higher. GDP numbers may have eased recession fears but Inflation remains high, If PCE numbers fall below expectations, this could trigger the next +/-18% decline.