Citigroup warns Nasdaq and S&P 500 index facing bearish pressure

Citigroup stated that bearish positions on NASDAQ and the S&P 500 index are accumulating, with high long positions making NASDAQ vulnerable to selling and investors turning to small cap stocks. The weakening of European capital inflows, mixed Asian positions, and the increased risk of short squeeze from long bets in South Korea and severely bearish positions in Hong Kong.