We start to detect some capitulation signs: some indicators are close to panic level.

We need, now, to monitor any reversal day in order to cut our short position, and to play a short term bounce back.

The Breadth Index is around '-50', we are waiting for a sharp decline into panic area (around '-90').

With 38% of S&P500 stocks in panic mode (blue line), we are not far from capitulation.

Current position: short @ 1345.06

Have a nice day,