These old trendlines
are important pivot points
, and the far-far out perspective is needed to help calculate longer-term trend. A wedge
began taking shape in 1998, to find it's bottom support in 1999. It consolidated inside this shape until 2008 when it fell below support, only to reverse and spend three years on a rally, into 2015. A year of southward correction into 2016 where it again accumulated along the wedge
that began in 1998. This led to another bull rally that brought us up to 2017 Jan.
Zooming in to the present, we can observe the fractal
nature of where we are, in the decade-long scheme of things. Inside a smaller consolidation/ wedge
at the upper end of a seesaw coming out of a decades-long wedge
No predictions here, just enjoyable to take it all in.