Leclaireur

Is a correction possible?

Short
AMEX:SPY   SPDR S&P 500 ETF TRUST
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Markets are way overbought, I cannot rule out a blow off top but looking for that triple top to start a correction.

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that's not how you approach the markets, they dont work like that.

you dont get to predict price action based on the past, we're not due for a crash just because on average in the past decades it's happened around 8-10 years, crashes are due to crisis, and we just had a correction, there is a high chance we keep making ATH
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Leclaireur TheFirstMan
@TheFirstMan, I know you are right, this is not the way to predict crashes but signs abound to warn us; bond rate inversion, the last december scare, very ugly manufacturing data the other month, the fact the market is going sideways for the past 2 years, the fact one of the biggest sp500 component aka Amzn is now in a bear trend after reaching 2025$ a share!!!!!! A blow off top is not out of the question but one thing is certain; 12 months max before this thing start to massively deflate.
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