(above) A bird's eye view of the market, with color-coded optimism stemming out to the right!

Contrary to what the media and the naysayers would have you believe, the stock market has been doing very well, and for a very long time. Sure we've had mega bear markets, like the period from 1999 to 2008, huge crashes in the 80s, and even a pretty big crash in 2020 after Covid hit, however after all these events the market continued to go up to make higher highs.

So Which Way are we going?

Below we'll take a deep dive into the Nasdaq market, illustrated with a few simple colored lines to help us understand the market trends, and gleam from them the most probable paths the stock market may take, then I'll conclude with my opinion of which one I think will be the most likely.

Illustration One: NASDAQ Composite - The big picture:

The chart above is the largest chart of the stock market that I could fit in one screenshot for all intents and purposes of this post. You can see the three major trendlines above with one thing in common, they're all going up. Throughout this entire time period from 1999 until now, you've probably heard your fair share of economists declaring"the sky is falling", giant crash coming, the end is near, it's all over... blah blah blah. Luckily charts aren't wrong, and definitely don't lie, so anyone can see what really happened over the past 20 years, it's been a boom like no other time in history. This is literally the golden age, and most likely it's just the beginning of much much more to come. Just like Bitcoin blew away the analyst's expectations, top stocks continue to weather the storm and grow as they are supposed to over time. This chart is very healthy, and the major trends haven't even come near to breaking, so there is nothing to worry about except missing the next ride up.

Illustration Two: NASDAQ Composite - The Past 5 Years at a glance:

For the most part, the past 5 years have been epic! The post-Covid-19 Spike up to 16000 was phenomenal, so it's no surprise that the market is ripe for a healthy correction. This last pullback may seem terrible, long, and torturous, however, in the big scope of things it's setting up for the perfect launchpad to propel us to new all-time highs that will eventually make 16000 looks like a little flat blip on the chart.

Illustration Three: NASDAQ Composite - Zooming in - The past 6 Months:

I'll admit, the past 6 months haven't been the best of times, but they haven't been the worst of times either. Once the 6-month downtrend finally broke in June, the market gave us an awesome 3-month uptrend for making long-position stock money.

Currently, we're in another pullback, our 3 months of fun are over, and this fresh new downtrend has emerged. In the short run, it looks like we may see a little more selling before we bottom out again somewhere above 11,000! We're actually getting really close, so get ready to watch for another bounce which would mean another huge rally for the winter season.

So back to my prediction above, which colored dotted line do I think will be the correct path for the future of the stock market? We'll I'm leaning toward the upper middle one. I think the 2nd to the top, the dotted fluorescent green lines will be the actual path the stock market is going to take. I think we're about to bottom out very soon within the next few weeks, after which the market will begin its spike with targets to $20,000, before dipping back down to $15000, leading to yet another phenomenal peak of over 25,000! Keep in mind this will happen over the next ten to twenty years, barring any catastrophes or unforeseen disasters. That's what the orange dotted line is for if anyone was wondering.👀 All we've got is time anyway, maybe that's why they say "Patience is a virtue!" So the best thing to do from this point in time is to stay the course & keep collecting stocks, (and crypto), during the dips and bear markets, so that when 20k and 25-30k hit you can take profits so you can continue on the path to financial freedom.

Follow @coininstant for more!