Pure technical a market crash is very plausible, adding to that the bad economic news, the zoomed out consolidation market (which is a turning sign).
Any major event this year (like for exemple us elections) could trigger the steep decline.
But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit.
This week the ECB launched there concerns for a market crash based on similar paterns combined whit FA news.
L1 and L2 channel lows have similar paterns to 99 and 07 market (right before the crash)
Any major event this year (like for exemple us elections) could trigger the steep decline.
But looking at the narrowing Patern it could even start in Juni whit a rate hike/brexit.
This week the ECB launched there concerns for a market crash based on similar paterns combined whit FA news.
L1 and L2 channel lows have similar paterns to 99 and 07 market (right before the crash)