Nasdaq-100 Futures AnalysisE-mini Nasdaq-100 FuturesCME_MINI:NQ1!SidgateOn this 12 Hour chart see: 1. Two channels converging 2. A series of Head & Shoulders each higher than the other (for the most part) 3. A 9.36% pullback from Point A to Point B Analysis Facts 1. We are in an historical bull market, The Fourth Industrial Revolution, that of A.I.. There is already talk of the Fifth Industrial Revolution, that of Artificially generated A.I.. It remains to be seen how all this will shake out and be officially named. Suffice it to say we are in a strong uptrend. 2. We have an administration in W.D.C. that is devoted to economic prosperity and free market capitalism. This fact is always subject to change. We are a capricious people. It is a true saying that when voters realize they can vote themselves money from the pockets of others our republic is imperiled. There is one universal human law - thou shalt not steal, murder being the ultimate theft. For now, we have an administration that has some sanity regarding this. Yes, we can vote ourselves money from the pockets of others, but it is still stealing. 3. Bull market pullbacks are normal and healthy. It is said they "shake out weak hands" and they establish new Support levels. My notes say there are three types of bull market pullbacks - a shallow pullback is 1 - 2%, a moderate pullback is 3 - 6% and a deep pullback is 7 - 12%. I wish I had a citation for those numbers but at the time I did not note it. I simply noted the figures. If you put all this together it appears likely we are headed to new highs. All lines on these charts are both support and resistance lines. Watch them carefully and the price action that occurs at or near them. Manage your margin carefully.