A potential trading opportunity might come very soon based on the analysis of the macro trend. This index has been traded and accumulated within a low price region for decades, but the trend has gradually reversed since 2009. A potential broadening right angled ascending that formed in the past few years could trigger a big explosion. Please see the chart.
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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.