Using the Log chart of the SPX, I can see that SPX has been in a constant bull trend channel since its inception. There has only been three pullbacks/consolidations in its entirety.
Using the price and date tool I can see that each drive out of the consolidation lasts about 25 years roughly and produces a 500-1000% gain roughly.
Based on this data, since the last pullback was in 2008-2009, 25 years from that date would be 2034.
Price has been above its 200sma the entire time
Price is now up top bumping up against the channel top. Will it just keep grinding higher or will it pullback down? I have no clue.
This post is strictly entertainment for me and is intriguing to me.
Using the price and date tool I can see that each drive out of the consolidation lasts about 25 years roughly and produces a 500-1000% gain roughly.
Based on this data, since the last pullback was in 2008-2009, 25 years from that date would be 2034.
Price has been above its 200sma the entire time
Price is now up top bumping up against the channel top. Will it just keep grinding higher or will it pullback down? I have no clue.
This post is strictly entertainment for me and is intriguing to me.
Note
This is the Yearly Candle chartNote
Can 10,000 be hit by 2043? I think so
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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.