The recent 109% run from 3/20 to 2/21 is historic. March of 1999 through 1/1/2000 the NQ100 ran 92%, this was followed by 3 consecutive years of 30% plus declines (last multiple year Bear).
March 1999 to current Average Annualized Return at 9.83%, YTD we are at 7.5% and 2019 & 2020 posted 39% and 49%, respectfully. We may see a pull back, at some time this year.
The chart will show some downside targets that are at key technical levels. The Non Tested GAP Bottom (Target 3), may be a worst case scenario and unlikely. The historical Index price action would state otherwise. Markets are markets and this time is no different, watch your back at these levels.
March 1999 to current Average Annualized Return at 9.83%, YTD we are at 7.5% and 2019 & 2020 posted 39% and 49%, respectfully. We may see a pull back, at some time this year.
The chart will show some downside targets that are at key technical levels. The Non Tested GAP Bottom (Target 3), may be a worst case scenario and unlikely. The historical Index price action would state otherwise. Markets are markets and this time is no different, watch your back at these levels.
Trade active:
Bull Projections using 1998 Percentage Up/Down & Time. Basically used chart in comments as a Bull play. Started from 3/2020 low.
Trade active:
Close Near Target - Test 1, Back above Trendline Should be Good to back Up Top Area.
