Serge Berger sees the continued volatility in currencies and commodities as precursors for what will happen in equity markets, and is looking to short the Russell 2000 Small Cap Index after a recent multi-week low.

Since October, the Russell 2000 and S&P 500 have traded up and down without doing much, according to Serge. But given the volatility in other markets, Serge believes it is increasingly likely that these indices will go lower.

He is looking to short sell the Russell 2000 at 1170 or lower, with a stop loss at 1200, and his target is 1120.