XJO - Bear Posts only (Factors which might cause the markets to fall), page-605

That is awesome.

US indices are currently down again.. will it be a similar bounce like last night? Who knows. I still am tending towards a massive drop but maybe there won't be a relief recovery in the session like last night. I think all the bulls will be tricked into a push up again.

I posted we might have a couple of days bounce on XJO - Monday didn't happen, and today is looking poor again. The pattern once again is a wedge. Not much near the end. Bear and Bull traps playing out.

Inflation data in Australia is not that great. Maybe we will have an interest rate increase way before they have previously said. Based on the Aus 2 year yield this might be true.



I still believe the overall trend and sentiment is down. Fed won't stop on reversing it's QE plans therefore interest rates likely to go higher and earlier (surprise). Case in point monitor the US 2 year yields, which this morning have jumped higher.



XJO is forming a bit of a channel, but who knows if this will hold or is it now starting to form a downwards channel.