Hypothesis: History doesn't repeat but it often rhymesNASDAQ 100 IndexNASDAQ_DLY:NDXmerlindionisioWEEKLY CHART check: RSI nov 2019 - mar 2020 (similar chart formation) draw: support from the previous top (before it gets pull back) - possible bounce area As you can here, most of the oversold RSI gets a reversal. Here is the potential outcome if this will play out perfectly. We also have a support based on chart before. The risk however is a black swan event that will make us go lower than predicted. Without other forces at hand. Q2 & Q3 will probably down, Q4 is usually good for the market. Reminder: Trade cautiously, don't trade what you cannot afford to lose. When buying, buy in spreads - don't go all in. Good luck!