The NAAIM Exposure Index reading has moved up to 94.09. This is similar to what occurred on April 17, 2019. On that date the index hit a reading of 93.37 after recovering from a sharp market decline in December 2018. This reading was followed by a 6.12% decline in the S&P500 during May 2019.
In addition to the current NAAIM reading it was noted on June 19, 2025 that the CNN Fear & Greed reading was in a position similar to where it was on December 15, 2022. The Fear & Greed reading in December 2022 was followed by a 5.87% decline in the S&P500.
Based on both readings, a brief decline of approximately 6% in the S&P500 would be expected before moving higher. Volatility should continue to increase over the next 2 to 3 months before breaking out and moving higher.
Note that NAAIM Index readings on April 17, 2019 and June 18, 2025 were recorded during options expiration week.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
