How was this crash obvious?

[The_Krakenite]

Dude, I just woke up and have to go to the library, I don't have time to see how many thousands more I lost or made today. Will check in when I'm done driving my mom around.

 

[murray t turtle]

So many people seem to have got short on this drop yesterday and today with utter conviction we'd get a huge down move

I'm wonder what they all saw?

Some caught near the high yesterday and are still holding, and even on twitter I saw a lot of people get short soon after the open saying like 'short here. Expect we could go down over 200 ES points in the coming days' kinda thing

I have no idea how ppl know where we're going? Is it a chart thing? Something else that alerted ppl not only to go short, but to hold for many days?

%%
Good APR 22,2022 question+ know one really ''knows''
Most would call it a downtrend, which tends to last much longer than a crash.[Not to nitpick but its a big difference\ 1987 was a crash]
But for sure SPY has been below downtrending below 200 day moving average since JAN 2022.
I like good uptrends myself + no way SPY is in a good uptrend except for long term investors/many of them make millions / buying every month for 40 years.
SPXS + SPXU.... is in a good uptrend ,extended but its getting more extended ; not a prediction...........

 

[The_Krakenite]

 

[The_Krakenite]

20 minutes till closing bell. Looks like the BULLs have it for the day. Congrats to those who snatched up ROKU while CNBC had every hedge fund manager boasting how they were shorting all streaming stocks. It's been on a tear upward ever since those darkest hours last week and those who missed their chance at the margin-call induced fire-sale (thanks to Netflix) may not get that chance again. Though I almost wonder if its spring-back is partially fed on shorts getting forced to cover. Hmmmm.

Interestingly to note even HOOD is up again, but that's not a fair evaluation as it is still currently under short-sale restrictions from last week's disaster.