Speculating and deliberating with others definitely is the way to go in uncertain markets!
Up or down answers would be further qualified in context to timeframe. If you are talking a matter of days, I would say we are headed down as the STOCH RSI is in overbought on that chart and tends to correct down. Looking at the longer term weekly chart, we are just recovering from a couple bounces in oversold and heading up.
Election years tend to do strange things to the economy, buyer behavior among Americans and markets. For example, in this tourist town, we know Americans travel less in election years. Might be because the circus of election madness is entertainment enough or people are bracing for another ugly battle which kicks their investments.
All things considered, I am buy dips more than selling peaks and I expect another second half of the year as a bull market.
Thanks for your take on this. Personally I think the market will take a long time to recover, maybe not too long, maybe anytime soon. However my speculation are mostly about emotions and sentiment as well as expectations.
It's interesting to see how the elections in the US actually influences a lot of things. In respite to crypto, I take it from the standpoint of whoever wins the elections.
It's good to know you're buying the bottom, it might seem really nervy but it's always the best decision.
An educated trader will take all those into consideration for sure. Finding the REAL bottom is indeed the challenge so who really knows if this is it?