Using current up to the minute data and your best analysis and best judgement when do you see a downturn in the stock and crypto markets

The stock and crypto markets are exhibiting signs of potential downturns:

1. **Stock Market Indicators**:
- The S&P 500 has reached record highs, but it is important to note that it has also experienced notable declines, such as the 547.87-point drop on November 12, 2024, which breached its monthly moving average.
- The Taiwan Stock Exchange Capitalization Weighted Stock Index (TAIEX) fell on November 12, 2024, led by declines in TSMC and AI-related stocks, breaching its monthly moving average.
- The European stock markets, such as the Ftse Mib, have been experiencing widespread selling pressure, awaiting new macroeconomic data and influenced by geopolitical tensions.

2. **Crypto Market Indicators**:
- The crypto market has surged to a staggering $3.1 trillion, nearly matching France’s GDP, but it is important to note that it has also experienced significant volatility and liquidations.
- Bitcoin, the flagship crypto, has reached an all-time high but has also seen substantial profit-taking transactions and a significant drop in implied volatility, suggesting a potential retracement.
- The crypto market is eagerly awaiting US economic data, such as CPI and jobless claims, which could signal inflation trends and influence market sentiment.

3. **Market Sentiment and Events**:
- The bond market and corporate bond market can serve as early warning signs for a market correction, especially if they indicate a weakening economy or a tightening of credit conditions.
- Historical market patterns and technical indicators, such as the RSI and Moving Averages, can also provide insights into potential market downturns.
- Geopolitical factors, such as Trump's policies and his relationship with foreign leaders, can impact market stability and sentiment.
- The upcoming US CPI data on November 13, 2024, is crucial, as it will influence the Federal Reserve's policy decisions and could impact the crypto market due to its negative correlation with inflation.

Considering these indicators and events, it is prudent to remain vigilant and cautious in the current market environment. The potential for a downturn in the stock and crypto markets is present, and investors should consider their risk tolerance and investment strategies accordingly.