This longer term 'big picture' view of the index shows some interesting relationships.
The 1000 week linear regression line is used for a long term estimate of the growth.
The pitchfork connects the two previous highs and and the 1000 week linear regression.
The 100 and 200 week medians match quite closely to the tines of the fork.
From this longer term technical analysis a year end range of 1970 - 2085 between the medians appears reasonable.
The 1000 week linear regression line is used for a long term estimate of the growth.
The pitchfork connects the two previous highs and and the 1000 week linear regression.
The 100 and 200 week medians match quite closely to the tines of the fork.
From this longer term technical analysis a year end range of 1970 - 2085 between the medians appears reasonable.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.