Unpredictable
The S & P 500 is suffering from stop loss. If the most recent price movement lasts for a day, two days, a week, or two weeks, the maximum drawdown will also increase.
I’m not aware of the maximum drawdown that occurs on the S & P 500. This is because there was no need to consider drawdowns for charts that constantly rise and charts that recover rapidly even when lowered.
Still, the risk was suppressed by tight STOP LOSS, time limit, and limited number of times.
But being unpredictable is extremely dangerous. It’s just gambling.