Over the last week or so, we've seen both US and UK markets recover from their lows after the "Brexit" crash to be at record highs just a couple of weeks later (even the Aus index is the highest it had been for a fair while as well)
Obviously I don't have a crystal ball and lets face it, some strange stuff has been going on in the markets these last couple of years... So I will re-iterate that you guys have to make your own decisions and live with them... but lets look at what has been going on for the last week or so
I've been looking at the data in my own trading platform and it indicates that 86% have shorted the FTSE and 88% shorting the WALL st Index with the SP500 telling a similar story at 81% . This may vary a little from broker to broker or where ever you get your information but it seems consistantly to be pointing to down trend and to be honest I've never really seen the markets shoot up from this point. It may not `"crash" but generally speaking it will correct within days.
From a purely 'graphical' point of view if you look at the SP500 / FTSE / ASX indexes, it looks set to drop (If past cycles are anything to go buy) but more importantly, what has changed in the world to drive the stock market up so fast? Not much really.... a seven or eight day winning streak is rarely backed up by further gains if you look at the index as a whole anyway here's a couple of articles from diffferent view points.... I guess all you can do is read and make your own decision!
http://www.straitstimes.com/business/companies-markets/anatomy-of-a-stock-market-crash
http://www.forbes.com/sites/sarahsu/2016/07/13/chinas-stock-market-crash-one-year-later/#41d45e9a23c5
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