Nasdaq 100 to 20k

This is a monthly chart. The trend line is the same trend line all the way back to the crash of1987. This monthly chart has just confirmed ‘support’. You read that right, a 36 year trend line has confirmed support, do you know how bullish this is?

On tradingview.com the number of bearish ideas is easily over 80%, don't take my word it have a look and count. Do you know how many traders lose money in the markets? Around 90%. You see the pattern don’t you? Contrarians are in the minority by a whopping margin.

The bull flag shown has now confirmed the breakout with 3 monthly candles. The target is readily identifiable following the confirmation of support.

Is it possible we get a crash to single digits as the bears are calling for? Absolutely.
Is it probable? No.

Ww

Type: trade
Portfolio Risk: 20%
Timeframe: now, don’t sit on your hands.
Return: 70%

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Everyone is talking about the head and shoulders pattern and the coming collapse. It is a certain, I’m told. Now iIf you’re a contrarian you see a bull flag. Which is it? One of those two patterns has confirmed. Do you know which?

Switching on the probability tool to remove any doubt… no emotions. Just as before last year. Emotions flooded out of every corner the last time this printed. Were they right?

1-day Head & shoulders

1-day Bull flag

1-day with probability metric measured

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I felt a great disturbance from the short sellers, as if millions of voices suddenly cried out in terror and were suddenly silenced.

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Closing my long, collecting my winnings.
A special thank you to all short sellers.

Sarcasm aside, learn from this.
Never ever go short into an uptrend.