XJO - Bear Posts only (Factors which might cause the markets to fall), page-16506

"P.S. Still waiting for a gap close on the Nasdaq and S&P to suck the last of the bulls in thinking the bull market is back ."

Just wanted to quickly clarify my position I still think this is most likely going to happen, BUT much like the Russell was, is another major bull trap. The Nasdaq which drove our markets higher with the AI BS is done IMO, filling the gaps above will give us a lower high at best. The S&P IMO can still move to a new high but then comes the crash.

HOWEVER, when I say a new high I don't mean a melt up, call it a false break, looks like a lot of bulls drank the kool-aid again and are about to be wiped out believing in melt ups. No its just the biggest bull trap in history coming which bulls are about to buy into again IMO. The music already stopped the bulls just don't know it yet .

P.S. ASX follows the US and now recession is all but confirmed in the global economy IMO, we will drop the hardest since we are the most vulnerable to a global recession (if you don't know why I said that you shouldn't be in stocks). Good luck all but if you think the bloodbath in stocks that is about to happen will be bad just wait for the housing crash .