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This Powerful Indicator Now Predicts A Stock Market Crash

Jun 29, 2026

George Gammon discusses a new stock market indicator that suggests a 67% chance of a bare market or crash, based on the performance difference between the Dow and NASDAQ. He notes that this divergence has occurred at significant market tops in the past, such as the dot-com bust, and while the divergence has shrunk recently, he will monitor its future impact.

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Tickers discussed in this post

NVDANeutralMedium ConvictionSignal-backedSecondary

Nvidia's revenue is highly concentrated among a few entities, making its business model vulnerable if AI capex spend is turned off.

SPCEBearishHigh ConvictionSignal-backedPrimary

SpaceX's significant selloff after its IPO is seen as a proxy for decreasing risk appetite and a potential indicator of a broader market downturn.

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Tracked calls opened from this post

SPCE
sell opened Jun 29, 2026
+15.31%