I strongly believe that the Amazon negative market action after earnings can cause a ripple affect in the tech sector. This will affect netflix to fall with the crash.
Based on bearish market sentiment, I believe we could possibly see a flash crash along with the overall stock market.
I think we are about to see a flash crash to ~$32 range.
I think there is a possibility of having one of the biggest flash crash in history on Monday, Oct 22, 2018 with a 344% flash crash
Given that the stock market will have a flash crash early this week, there will be a correlation to shake out the weak hands before the rally up.
In correlation with the rest of the market flash crash, we are expecting a -20% drop in one day.
Given the correlation of the rest of the stock market indices. We are going to expect one of the biggest flash crash in history.
Based on weekly charts, most cryptos are due for big correction in relationship to the stock market crash. The only safe haven is ETC.
Given the relationship to the one-day crash we will have, I think that the mining sector will spark up a nice new bull run into 2019.
We are currently falling from the top of the biggest MJ bubble in history. Given the recent sell-off, my educated prediction is a possible outcome in the next week or so.
After analyzing the 2 week black-out period of stock buy backs before earnings, I've come to a conclusion of where the stock market is heading in the few months ahead.
I've been following WYNN for a while and I use this as one of my recession indicators of the economy. I believe people are head above water high in credit debt and can no longer afford to gamble or visit the casino. My prediction is a -6 to -8% drop before it does a dead cat bounce up.
In relation to all my predictions, I believe people will panic buy JNUG as a reaction to -13% drop we might have on Monday, Oct. 15th. In my opinion and not financial advice, I would sell it and go JDST after taking profits at the ~48.9% pop.
In relation to my prediction for a -13%+ crash on Monday, October 15th, I think that TVIX will have a mega spike up to ~400% gain in one day. We'll see what happens.
I'm predicting that we might see a big green candle spike to around 472 as the FIRST sign of a bullish breakout. This will start a frenzy with the market and bring in more volume to jump start the bull run.
I believe on Friday, Oct.12, we had a bull trap. There is still more room to drop on Monday, Oct. 15th, 2018.We should expect at least a -13% drop.