Monday, April 6, 2020: Stock Market crashes 19%, setting off the 7 and 13% halts, but not quite the 20% halt. The market then ends UP 1%. The market will fall to the low of June 27, 2016 (17,100 on Dow, 2000 on SP) Brexit V, then it will recover to end UP by 1%. The Headline will be: Market Crashes 19% Ends Up 1%
Here is my prediction for Monday (which will probably not work out, lol). The S&P (and/or Dow) go down 19% and then recover, possibly to end up. I believe the market will get just short of the last "Circuit Breaker" of 20% before it recovers. The pundits will then proclaim "The Bottom Is In". The will proclaim "Capitulation Has Occurred" and it is now "Safe To Buy". Then the market goes from fear to greed.
I think it is possible to have a "Flash Crash" Monday, and that finishes the right inside leg of the "W". Either that, or the market has a massive rally Monday. Either way, the talking point or cause will be the latest "Coronavirus" numbers, and more importantly as I have shown you, the right side of the V will begin. So, the market is getting ready to go up very fast, but it may go down very fast first...this is what I think is very likely.
Note: The bust buying opportunity in many years may very well be on Monday, or could it have been on Friday? We will have to wait and see.
If there is a huge "flash crash" on Monday, more than likely it will at least trip the 7 and 13 percent halts. If the crash does happen, for some reason I think it will not trip the 20% as that stops trading for the rest of the day. If it is a flash crash, that means it usually comes back the very same day as well. This will be very, very interesting. Where will it go if it is a crash??? To one of the Trump Rally dates and then it rebounds.
https://en.wikipedia.org/wiki/2010_flash_crash
https://www.foxnews.com/entertainment/the-flash-actor-logan-williams-dead-at-16-reports
https://en.wikipedia.org/wiki/Flash_(Barry_Allen)
https://www.cnbc.com/video/2020/04/03/jim-cramer-presents-his-game-plan-for-the-week-of-april-6.html
