Look Out Below! Why a Deep, Volatile Pullback Likely Looms

by | May 31, 2023

When everyone tips the boat to one side, the market tends to do something different… 

Asset managers and leveraged funds going net long means we’re likely closer to a top than to the start of the next leg higher.

This four-hour chart of Nasdaq futures shows 14,100 as support, and 15,000 as a potential top. Then we’re likely in for a much bigger, deeper correction than we’ve seen for a few months.

Net long and short positioning also supports my theory of a potential top…

Volatility is coming…

Jeffry Turnmire

Jeffry Turnmire Trading

WRITTEN BY<br>Jeffry Turnmire

Jeffry Turnmire

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