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It's not the odds of something happening that is important…. It's the impact if it does!
The Nasdaq 100 could be making a near perfect head & shoulders pattern in the chart below. Why do I say "near perfect?" Please observe that the left and right shoulder are nearly the same distance on either side of the head at the 50% Fibonacci level of the tech crash from 2000 to 2002. Too perfect? Too Easy?
Humbly, I don't know if this is a Head & Shoulders top. I can't prove it. However, it is indeed possible.
All I know is this: If the pattern read is correct, the impact would be large on tech stocks and the S&P 500!
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