The recent 109% run from 3/20 to 2/21 is historic. March of 1999 through 1/1/2000 the NQ100 ran 92%, this was followed by 3 consecutive years of 30% plus declines (last multiple year Bear).
March 1999 to current Average Annualized Return at 9.83%, YTD we are at 7.5% and 2019 & 2020 posted 39% and 49%, respectfully. We may see a pull back, at some time this year.
The chart will show some downside targets that are at key technical levels. The Non Tested GAP Bottom (Target 3), may be a worst case scenario and unlikely. The historical Index price action would state otherwise. Markets are markets and this time is no different, watch your back at these levels.