XJO - Bear Posts only (Factors which might cause the markets to fall), page-17628

Just to clarify my position, I know that a few think all time highs for the Nasdaq are coming (is possible) but I still believe the Nasdaq already topped. So once that upper gap is filled we will put in a lower high and the market should top. The S&P is doing exactly what I thought it would do and is making a new high and should top around the same time as the Nasdaq gap fills and puts in a lower high.

IMO we are in a topping process as part of the coming crash which I believe has already stared. The VIX suddenly racing over 60 and Japan catching the sniffles and melting down out of nowhere were the warnings. It just showed how weak these markets really are under the manipulation and how even the smart/big money can't hold things up when the you know what really hits the fan (that's close at hand).

Hence I still maintain we will top early/mid Oct (late is possible). I do not think we make it to the US elections because that would cause an even bigger crash and can't see them pouring money into a crash to hold markets up for retail. For those thinking this market feels invincible it actually feels the opposite to me. Feels the same as 1987 and 2007/2008 right before the end.

Back then markets rallied on good or bad news (same as now) didn't matter (fundamentals went out the window like now) and we just kept moving higher until suddenly out of nowhere they weren't. Like being hit by a freak car. Then the dip buyers/bulls kept jumping in feeding the bears the same fuel the bears had feed them all the way up to drive the crashes with falls of over 50 percent+.

I maintain that is what is happening now because if you looked under the hood of the markets back then like now they were running on the same thing, greed and nothing else. So in reality even though they looked invincible they were actually weak same as now. So be careful as I keep saying IMO its the same script, different actors but the same outcome every time as history teaches.

P.S. This crash will be IMO much bigger as we are at much higher extremes than 2008 or 1987. Thanks to the "pandemic" and social media grooming the bulls to think "markets only go higher". Good luck off to watch the football.