$S&P 500(.SPX.US)$NASDAQ Composite Index(.IXIC.US)$NASDAQ-100(.NDX.US)

To be honest, I want to see something exciting 🤔 If we can wait a bit longer this time, wait for one or two months, then drop another 10%, clear out the leverage, and by the second quarter of next year, we can have another one-way rally like this year.

The current leverage ratio is still too high, and retail investors are very enthusiastic. When the MAG7 drops just a little, you can see two types of reactions: one is panicking and cursing, the other is eagerly buying on the spot. This means the market is already too crowded, making it unlikely to rally further.

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