Looking forward for the Nasdaq

Hello! Princess Gwen here, looking to the future. Diamond tiaras are expensive, so it's important to guard your investments. Looking ahead, I find it likely that the US equities market will go through a short surge of optimism, +5%, before making a catastrophic plunge down through the bottom of the current channel that we're moving in, in a big, -20% move. I'm using the 2007 Nasdaq market for comparison, to give some rough estimates for where the market would be expected to hit turnaround points.

If instead the Nasdaq moves up, I would look for it to break through the previous all-time-high. Until then, we're still range bound.