NEW YORK (TheStreet) -- Last week, had you searched Google News for "Stocks Crash," you would have received over 16,000 results. At that time the S&P 500 (^GSPC) was barely down 1% year-to-date. Granted, some momentum names were falling 10% or more, but there was still plenty of strength throughout the market.
It was hardly a market crash.
There are still plenty of stocks rising despite some of the worrisome headlines and negative sentiment that emerged over the last few weeks. Even more importantly, today the S&P 500 once again flipped green for the year. It's now up a little more than 1% since 2014 started.
Could this be the start of a major uptrend?
On StockTwits, a cashtagger shared a fantastic chart that suggests that it could. It shows a technical pattern that cannot be ignored. In February, a very similar sell-off occurred and its v-shaped pattern is nearly identical to the drop that happened over the last few weeks.
If you believe the market has a memory, and that patterns of the past do indeed hold some predictive power, then this chart is a must-see:
At the time of publication, the author held no positions in any of the stocks mentioned.
This article represents the opinion of a contributor and not necessarily that of TheStreet or its editorial staff.