NO !
In Feb, i called for a crash and actually put my money where my mouth was and traded the entire crash. There were many many ingredients that were present during the Jan run-up which had a potential for a crash.
1) Mass hysteria in Crypto and the eventual bitcoin crash
2) Parabolic run-up in stocks
3) CNN Fear and Greed showing extreme optimism
4) Public opening large number of new brokerage accounts.
5) Public participation in markets in record numbers
6) Frothy message board sentiment
7) Log periodic nature of market run-up
8) Investors Intelligence showing spreads larger than 1987
9) Monthly RSI more overbought than anytime in the history of U.S stock market (larger than 1929).
10) Extreme spread between the price and some key moving averages.
Many more...
Currently we do not have any of those ingredients for a crash type of move. I am not saying a downside move is not possible. We could still get a price decline, but not a crash. To me crash is big price collapse in a short order of time. 10-20% in 2-3 days kinda move. Slow orderly bleed-to-death is still possible.
Look at the CNN fear and Greed index. Do markets crash with such a sentiment backdrop ? NO.
http://money.cnn.com...fear-and-greed/
Also, look at the bitcoin. After the wave A crash from 20k to 6k, we are now sliding down the slope in a persistent slow manner in a wave C decline. The crash is over. Now it's slow bleed to death.