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Its not the odds of something happening that is important….its the “impact if it does!”
The NDX 100 could be making a near perfect head & shoulders pattern in the chart above. Why say “near perfect?” I share this due to 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. Possible though!!!
All I know is this…if the pattern read is correct, the impact would be large on tech stocks and the S&P 500!!!