This drawing on a chart expecting a sudden crash for no reason has no point to it. You are literally posting one of the least likely events to occur when GDP is growing 6.4% and interest rates are 0.25%. The chances of a 25% drop in the SPX by July ( what you drew ) is almost zero.
POLL: Big crash coming this week?
- Thread starter orbit23
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This drawing on a chart expecting a sudden crash for no reason has no point to it. You are literally posting one of the least likely events to occur when GDP is growing 6.4% and interest rates are 0.25%. The chances of a 25% drop in the SPX by July ( what you drew ) is almost zero.
Can you trade off trendlines?
It was the OP which 'predicted' a crash. Maxinger drew an arrow going to the moon.
Ok so many over the top bears on here I can't figure out who is who.
if you look at the bigger picture, the whole world is rather bullish despite all the covid death, inflation ....
France CAC40,
India Nifty,
China A50,
Germany dax,
Italy MIB etc
keep on breaking the record high.
definitely, one day, the market will collapse.
A lot of complacent bulls, too.
again it keep on breaking the record high.
even AEX Amsterdam also broke the record high.
mistake - remove China A50 from the list.
Far more action in energy space yesterday and likely again today. I just don't see much happening in US indexes lately; TSX actually took out an ATH yesterday. I'll give you that if anything is going to drop it would be IT; I just wouldn't bet on it without a clear catalyst. As I said a couple of months ago, shorting US indexes likely will be a frustrating trade the rest of 2021. Opinion as always but I'm up 19% on my account since April 27 so my recent ideas have done well.