Another idea to not take to seriously. It was a weekend project. However, looking at such a large timeframe really puts things in to context. Note that price is on the log scale and the Fib Levels on the left are also log, but the smaller time frames are linear.
Comment:
Please don't focus on the future. I should have just left that out. The fun and interesting parts is how the S&P has evolved over the last 100+ years.
Comment:
Note the rising wedge pattern and that the invention of the internet causes the dot com bubble to jump out to the upside, but the crash after the housing market crisis corrects it back.
Even more interesting, is that since 2009 we are in a new breakout rising wedge. It also may give us a support and resistance trend lines to look at in the future. The Grand supercycle waves seem to fit the Elliot Wave personalities (elliottwave-forecast...elliott-wave-theory/)
Even more interesting, is that since 2009 we are in a new breakout rising wedge. It also may give us a support and resistance trend lines to look at in the future. The Grand supercycle waves seem to fit the Elliot Wave personalities (elliottwave-forecast...elliott-wave-theory/)
