XJO - Bear Posts only (Factors which might cause the markets to fall), page-13850

Reviewing the M7 and some others being banks / finance companies on the US markets, I got a surprise among the majority of the move. The strength is showing there in the momentum of the stocks still pushing. So on balance, I agree with @Launched that the markets are still too strong to usually consider a continued downtrend from here.

Looking at the numbers from this latest push from the start of November, that was a surprise event also. There was a slight slowing of the down and this switched strongly to an up. A lot of people were caught off guard.

Do we have similar in reverse with this latest move? I would consider what happened last night was the start of a rug pull and the face slamming event is either going to continue tonight (with bulls trying to buy it) or maybe continue while the majority are away from their screens. This is likely to catch most off guard again.

I have mentioned that a rug pull would be the likely way to maximise profits from a turnaround of the markets and how this unfolded last night was what I mentioned before. Most are not positioned for a rapid move down...