Vote: Crash, Consolidation or Pullback coming?

[KCalhoun]

What are your thoughts? I still expect a crash of epic scale, losing March lows. But I've been wrong about that earlier.

Don't predict, react.... still, what do you think is about to happen!?


Hint today for the first time in months I started transferring additional $ into my trading account

 

[Girija]

What are your reasons to be so bearish.
There is no where to park the money.

 

[KCalhoun]

What are your reasons to be so bearish.
There is no where to park the money.

Except gold, real estate, shorts..

 

[Relentless]

...I still expect a crash of epic scale, losing March lows...

Not in our lifetime.

 

[SanMiguel]

What are your thoughts? I still expect a crash of epic scale, losing March lows. But I've been wrong about that earlier.

Don't predict, react.... still, what do you think is about to happen!?


Hint today for the first time in months I started transferring additional $ into my trading account

I tend to think that although earnings will be absolutely terrible, there has to be some other catalyst for a crash. Second wave, population debt, housing, etc. and we're not seeing it quite yet though there are rumblings. In the absence of that we could be in a range (albeit much lower than where we are now) for a few months

 

[Girija]

I echo what I read somewhere that COVID is here to stay and ppl shd accept it as part of life. All covid effects are priced in and there is not a whole lot to be expected from second wave, third wave nth wave etc.
Those who lost jobs will have a hard time finding another one. Aside from personal perturbations market will stay disconnected.
Next major downturn or upside may be around election time. So we may be range bound for a while.

 

[Clubber Lang]

7 votes for a crash
0 consolidation
1 pullback then up (me)

Cant have a crash if EVERYONE is looking for it
Also, why even position for a crash when the Fed will immediately step in with another 4 trillion bailout???

Yes, The market is overvalued.
Yes, it’s been overvalued
Yes, it will continue to be overvalued as long as the Fed continues to expand its balance sheet.

 

[Tradex]

Yes, The market is overvalued

I don't think there is such thing as an "overvalued" (or "overbought") market.

"Overbought" markets can stay "overbought" for an incredibly long period of time, and crush all the RSI, stochastics and other top pickers out there.

So far almost 64% of voters think that the market will crash, that means time to buy more (wink wink)...

 

[notagain]

NQ 9900 within 7 days

 

[Tradex]

NQ 9900 within 7 days
View attachment 230387

On the daily NQ is still above its moving average.

So unless we some some evidence that the trend is over (breakout of the MA for instance) we have no particular reason to believe that NQ will go down, in 7 days or 7 years.