Well what's your guess with regard to the further market's pulse?
That would be a fall? What relative indicators can you see? Nothing. Possible negative news in mass media, no.. people are taught by the previous news fakes like limitations in India..
It would more likely be a growth chain reaction in spite of a little market correction or a big sales..
Anyway what's your opinion?
The thing is, the markets doesn't need any bad news to make it go down. It can go down just because people want to take profits at high levels like right now, since they bought at way lower levels. It could go down because of shorters in the market. It can also go down due to unforeseen regulations, which although has been debunked already multiple times still make some of the traders panic dump.
The rally went from $6800 to over $9500, I don't see this level of growth in the market sustaining. Just no way it's going to keep being bullish and going up like last year, there has to be a correction.
For sure, I'm going for the correction. However, I wouldn't say that it's that dramatic. Markets are somewhat more bullish now, and I think the panic dumping that may occur will be significantly less than the previous dumps.