Indices 17/06

Nobody wants to open these threads anymore so I'll open it
I know most of you just want to short the market

I just want to point out a few things

Since the 2nd May, our markets should be in an uptrend (technically still are but sticking to the floor)
Doesn't look like that on our index
This week we should be attempting to sell from 7900 back to 7700 but we're not
The amount of buying from the 27th May until now has been absolutely insane yet doesn't show on the xjo
So congrats to retail for handing your shares over to the institutions (tax loss selling must be very important to you all. Hahaha)
But I'm sure you'll all buy again after it bounces

Xjo seems to be trading like a meme stock tbh
Nothing can be done about it when institutions control pricing

Bull traps have already started for many stocks (Over the next 6 months or so, I'll be looking to short bank stocks & anything overpriced that calvo tells us he's buying)
However the majority of stocks are still setting up bear traps

We have 1 more chance until October to retest those April lows but all our markets need to do is have 1 test of a market top since 2021 & we have honesty return to markets

3 years in a row & the xjo has done the same thing
Until now all I've seen is deception mainly with a few honest levels but my portfolio has improved greatly as a result
Many other countries have all reached market tops & have had corrections

If we can hold 7700 this week we should get back towards 7900 again & channel remains intact
Still not a market top though