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.
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.
I see that you have been praying for the SHORT position since January. I hope you get it in the coming days even if it drops to 9700? a little crazy
MAZing
⋅
@vychod,
I moved my clients to 80 cash in Jan/Feb of 2020 (market did not seem solid). I like to "Buy the Major Dips" when you are in position or proactive. The Short gain (if timed) is not the bigger picture. I am getting that same feeling regarding markets, again (I could be wrong), we shall see. The 1999 similar move was not crazy and caught many.