Shakeout corrections followed by dip buying rallies. A sustained crash will need a serious change ( like raising capitols gains tax, Covid 20, etc. ), otherwise money keeps returning to the best game in town.
Because there is talk of crash....i buy. But, 10 year bonds spiked. And inflation is going to be a problem for fed justification of low rates so there are signs. But as usual it's always conflicting so who knows.
A good short-term trader is the one that goes where the wind blows. He posted go bears a while back, you're late on that one. Long DAX futures
chart looking so bullish specially today, double bottom and breakout of the range, looks like new high for sure. Everyone should buy today which mean today can be crash day lol.
what’s a big crash? You’re asking a different question to every single reader. What’s your time frame? A week? Then no. The Nasdaq has set the ball on the tee. As for how long and when? The summer will likely see ndx yearly lows. Not so for spx. Is that a crash? That’s digestion to me. everyone in the inflation trade will get smacked hard this week though. Really hard. At least that’s the setup.
that’s what I like to hear. Doubtful Ndx will get much past 13800. It’s a bull trap. Spx looking to hit 4400 before a summer long pullback. Enjoy your summer. oh, and I may be the only person on the planet buying bonds. You hear it here first. The safety trade is on.
Regarding the inflation trade, looking at the long term chart for TNX I see this. I am not really a trendline/chart guy, but a reversion at some point seems possible.