U.S. futures are blithely trying to get their footing as I write…will they do a moonshot today??
….or, like in Feb-March 2020 are u.s. stocks quietly–under the radar–their distribution almost complete–easing into a crash sequence…NAH! That’s impossible….good luck to all punters…DYOD…JMO ETC ETC
From my bearish perspective, I’d like to see this down opening bought and a rally bravely mounted…that fails and the day ends down…
There is a consensus that a correction or crash could happen in the summer or fall…when those seasons arrive and there is no crash…a new target will be designated…maybe sometime in 2022…but NEVER now….being a contrarian and fading/top picking this bull mkt. has been a losing proposition…that’s said, I think a sell off/crash/mini-crash could happen soon…and my focus of interest is in historically cheap long vol trades…