How Long Has It Been Since S&P 500 Made a Serious Bear Move?

Talking Points:

• The S&P 500 has led other US equity indexes in forging clear head-and-shoulders patterns
• In such technical patterns, the shift in momentum is important; but critical is the opportunity of a strong trend to reverse
• A breakdown from US equities could prove a stronger signal of true risk aversion than most other development given its persistence

Retail traders often chase the most speculative view of the markets and their appetite show through in their decision making. Retail positioning is often a good contrarian reading, but even a broken clock is correct twice a day. See how traders are positioned in the S&P 500 on the DailyFX Sentiment Page. (

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