First question is what crash ? All I see is an IT correction that we knew about already. An given that it's option expiry it dragged some other stuff down on the open; weak hands bailed. What I'm noting is commodity prices are still sky high.
Step, no? Run like hell whether or not something was coming. True story, I was on one side of street and one of my younger brothers was on the other. He yelled can I come across (where I was fishing). I said no, he thought I said go. Bing, bang boom. A couple of days in the hospital, "just as good as new" a half a century later.
This is where smart traders are observing and looking for trading opportunities on both the long and short side. Although, the opportunities to short stocks via put options is numerous, more than call option trades on the long side. Sit and wait. This is a game of patience, like playing chess. Your winners will become even bigger winners as the strong trends continues.
Not sure about a crash, but the stocks I own are starting to roll over and give me sell signals. I don't see a downside to cash.I can always buy back later even if it's higher. I'm looking both ways and I see something that might be a danger to my capital so I'm waiting to see what it is.
Think you might be a day late. After yesterday's nice early move higher only to reverse and slam down into close was straw that broke the market's back.
The only issue I have with the bear market logic is, people want till markets have a huge down move, than say ops we in a bear market! I mean I get it in a way, but it's kind of like hindsight traders, day trading showing you and telling you information after the move is done.... like the point of trading is to know your edge and use it. If you need a 5000 point NQ drop before you consider it bearish, what's the point? May as well just buy and hold or let someone else do it for you.