Anyone old enough to remember the game show “To Tell the Truth?”  Three people would to tell a story and only one was telling the truth. So who is telling the truth in the chart above?

Nasdaq Composite index is facing a 30-year Fibonacci level and the top of a 10-year channel, which could be break this resistance at any time

The NDX 100 index is at its 50% Fib level of the crash and could be forming a bearish head & shoulders topping pattern.

Who is telling the truth?  The Nasdaq Composite pattern is so tight (Fib level/Channel resistance/bottom of a rising wedge) that I suspect we will know which index is telling the truth in the very near future.  With such a long-term situation at hand, I suspect the outcome will be very important!!!

How The Recent Decline In Stocks Looks "Eerily" Like Major Bear Markets Of The Past