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NAS100 has been labeled within a Sub-Millennium degree wave 3 (pink), which has been unfolding ever since the Dot-Com bottom from 2003 bottom, when the tech Recession tapped out.
Structure - Bullish Impulse
2003 lows and up until Nov 2007 highs - Grand Super-Cycle I (blue)
Nov 2007 highs and down until Nov 2008 Recession lows - Grand Super-Cycle II (blue)
Nov 2008 Recession lows and all the way up until Oct 2018 extreme - Grand Super-Cycle III (blue)
Oct 2018 extreme and sharp drops until Dec 2018 - Grand Super-Cycle IV (blue)
Grand Super-Cycle V (blue)
Pattern - Reversal Motive Wave
Sequence - 5-Wave Sequence within an Ending Diagonal
Current Position
Super-Cycle Wave (I) (turquoise)
Next expected swing
Bearish sequence Super-Cycle Wave (II) (turquoise)Market Crash Forecast
Support granted at or around the 7000.00 mark and then a huge rally towards the 9000.00 levels, where Sub-Millennium Wave 3 (pink) is expected to complete.
Grand Super-Cycle Waves A-B-C (red) would reflect the next Larger Degree Recession.
Structure change
Breach of the 7000.00 levels could lead towards a prolonged corrective structure and a Market Crash already starting.