Nova by my metric US markets are oversold and due for a steep correction caused by 'natural' market forces.
Trouble has been that after a pullback investors are rushed back 'buying in the dips' and not allowing for the correction mechanism to engage. But I suspect that sometime in the next few months investors will pull out of the US markets and stay on the sidelines as things get ugly.
Generally it is a combination of events that cause such a market recoil and I'm looking to get a short trade up once the S&P500 gets to 2K and look at a long trade after <1850.
