The Index has a unique U structure and incredible rare corrections to encounter. Takes long time to understand that we have to solve it differently - So it is one of the version from many solutions.
In 2024, it tried breaking 37 years of record, But got shy of 10 points.
In this version of analysis, which is in monthly Time frame, it finds it can still cross and break the 37 years of record which is 2956, and has the opportunity to reach 3200.
Definitely, when we analyze lower time frame the errors in higher time frame analysis will come up. But without touching lower time frame, let us finish this alaysis.
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.
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.