Dead Cat bounce?

[Entrep]

Surely the best predictor of future US market prices is today's price?

Equally as valid for 23 March and look where we are

[blackcap]

Equally as valid for 23 March and look where we are

It certainly is. But you cannot tell me that you know for certain or are even positively sure which direction markets are going to take tommorrow or next week.

[ynot]

It certainly is. But you cannot tell me that you know for certain or are even positively sure which direction markets are going to take tommorrow or next week.

Absolutely no idea. For the record my guess is down.

[HKG2301]

It certainly is. But you cannot tell me that you know for certain or are even positively sure which direction markets are going to take tommorrow or next week.

Not suggesting anyone is certain about market direction, it's all a question of probabilities. There are charting statistics/indicators that can help, such as whether a market is overbought or oversold. Also economic indicators, which I touched on earlier and won't bore you with again. My guess is a re-test of the March lows, so I'm short the SPX with options as a hedge. But the next question is, what happens to the NZX (with Covid hopefully under control here) when/if the US markets (Covid definitely NOT under control) do tumble again?