XJO - Bear Posts only (Factors which might cause the markets to fall), page-12142

"Nasdaq is currently replicating the chart back in 2000."

I agree. I think the fed's current objective is to get the US markets below their 200 MA and keep them there for a while. Most hedge funds consider that a bear market.

The Russell 2000 is already testing its 200MA, and should break below it tonight (top chart). I expect the Nasdaq & S&P500 will break their 200MAs by the end of Sept. with a bit of help from the inflation data and hawkish talk from the fed (see mid & bottom charts).