Technician Chris Vermeulen warns a greater equity pullback is likely as the S&P 500 and Nasdaq 100 struggle to break out amid macro uncertainties and crude oil volatility. He characterizes a near-term 'healthy' correction as constructive, implying higher equity volatility and a shift toward risk-off positioning until indices re-establish breakout momentum.
Technician Chris Vermeulen warns a greater equity pullback is likely as the S&P 500 and Nasdaq 100 struggle to break out amid macro uncertainties and crude oil volatility. He characterizes a near-term 'healthy' correction as constructive, implying higher equity volatility and a shift toward risk-off positioning until indices re-establish breakout momentum.
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Request DemoOverall Sentiment
mildly negative
Sentiment Score
-0.25
