In my view, this would be the last chance to free up the stock allocations from your portfolio.
I did a quick fib analysis, the move is at 0.382 currently. This series of moves is a typical form of a dead cat bounce. So if it goes up more than 0.382, then also 0.5, the market crash scenario will be less likely for now.
Actually, I also sold some crypto. Not good time for alt coins, but bitcoin is still at the relatively high price nearly the ATH, not a bad time to sell or take a profit.
When your stocks plummet 60%, cryptos plummet 80% or more. Many alts may 90%. Insane, for a loss of course, but also for a buying opportunity. Have some cash. Dollars, CHF, YEN, etc. Gold is also a good investment but gold also would down for 30% or so in such case. Cash is the strongest (unless the banks freese your accounts. In that case cryptos in a secure wallet wins). Just diversificate your financial assets.
The target S&P 500 / SPX price values (support levels) in my opinion:
3610 (-30%) -> most likely the next down move target. 875 (-75%) -> in a financial crisis situation. 115 (-95%) - > an irreversible level of market crash. (this might be the when capitalism ends)
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