"P.S. Market still preceding as expected (see my prior posts) with IMO Nasdaq to make a lower high and S&P possibly making a new high before the crash resumes."
Nothing has changed my view as soon as this occurs I believe we enter what will eventually become a major bear market. I just wish they would hurry up and fill those gaps above, the fact the market hasn't in all this time (I am impatient), should tell you its weak under the surface. BTW the September rate cuts IMO have a high probability of being a sell the news event and signal a major top in markets.
Note a "sell the news event" can happen before or after but looking at the charts the S&P and Nasdaq are flashing a lot of red flags IMO. Accepting they will try to hold the markets up for as long as possible to try to exit as many positions as possible (Buffet way ahead of the curve as always) once it does turn IMO we are looking at a 60 percent+ crash coming over the next year or two (meaning markets IMO will head lower and lower over that period).
I also believe we will enter another "lost decade event" where we don't see the highs again (once they are in) for 10 years+. Anyway want to keep it simple trying not to sound too bearish as bulls still think a new bull market and melt up are coming hehehe. Don't want to upset the bulls they all too busy listening to Jim Cramer and the other idiots and are helping provide the exit liquidity for the smart money (Buffet loves you all!).
P.S. That is my bullish take on what I am seeing, there is always the chance the "charts" are being manipulated again same as 2008, so we don't see the "crash coming" (the famous catch cry of the time). Meaning it could just go to hell in a hand basket prior. But I still maintain IMO the gaps above on the S&P and Nasdaq will close first, with the possibility of a new high on the S&P (Nasdaq I think has topped). Good luck all need to get to the store:
(20min delay)