NYSE – S&P 500 | AbbVie Inc. | 23 Mar 2026

Introduction

This analysis is part of the ongoing S&P 500 Structural Census, a long-term structural observation of major U.S. companies.

The objective of this project is to study long-term price behaviour and structural regimes rather than short-term market forecasts.

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Stock Information

Table 1

Market	Symbol	Company	Sector
NYSE	ABBV	AbbVie Inc.	Pharmaceuticals

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Table 2

Market Cap	Dividend Yield	Beta	Face Value
—	—	—	—

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Structural Status

Structural Classification

Sustained Impulsive Structure

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Table 3

Structural Status	Dominant Regime	Trend Type
Sustained Impulsive Structure	Sustained Impulsive Uptrend (Post-2020 Expansion)	Bullish Continuation

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Chart Insight

Structure assessed from earliest reliable data.
Strong upward structure with correction and re-acceleration phases.
Price consolidating after extended advance; structure remains intact.

NYSE – S&P 500 | 3M Company | 23 Mar 2026

 

Introduction

This analysis is part of the ongoing S&P 500 Structural Census, a long-term structural observation of major U.S. companies.

The objective of this project is to study long-term price behaviour and structural regimes rather than short-term market forecasts.

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Stock Information

Table 1

Market	Symbol	Company	Sector
NYSE	MMM	3M Company	Conglomerate

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Table 2

Market Cap	Dividend Yield	Beta	Face Value
—	—	—	—

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Structural Status

Structural Classification

Structural Damage

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Table 3

Structural Status	Dominant Regime	Trend Type
Structural Damage	Structural Damage (Post-2018 Breakdown)	Bearish Continuation

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Chart Insight

Structure assessed from earliest reliable data.
Multi-decade advance transitioned into structural breakdown post-2018.
Price recovering from decline; structure yet to re-establish directional strength.

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Dominant Regime

Structural Damage (Post-2018 Breakdown)

The dominant regime is defined by the structural breakdown from the 2018 peak, followed by persistent lower highs and lower lows.

Price behaviour within this regime reflects sustained weakness with intermittent recovery phases.

The current phase represents a recovery within the broader damaged structure rather than a confirmed structural reversal.

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Interpretation

Historical Behaviour

3M exhibited a long-term secular advance over multiple decades, characterized by consistent expansion and compounding behaviour.

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Structural Transition

A structural breakdown occurred around 2018, marking a transition from sustained upward movement to deterioration in structure.

This shift established the current dominant regime.

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Current Structural Behaviour

Price is currently recovering from prior decline but has not re-established a clear higher high–higher low structure.

The broader structure remains damaged unless key structural resistance is reclaimed.

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Context

This study focuses on identifying long-term structural regimes such as:

• Sustained impulsive expansion
• Regime shifts
• Complex range structures
• Structural distribution
• Structural damage

Understanding these regimes helps place current price behaviour within a broader historical context.

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Disclaimer

This analysis is part of a long-term structural study and is not intended as trading or investment advice.

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EwavesJournal
Structure → Level → Trigger → Probability

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https://www.tradingview.com/chart/MMM/yf0efnAh-NYSE-S-P-500-3M-Company-23-Mar-2026/

#SP500Census #MarketStructure #StructuralAnalysis #MMM #EwavesJournal

GIFT NIFTY – Structural Breakdown | 23 Mar 2026

 

Market Overview

This analysis focuses purely on price structure.

Recent movement shows a clear transition from range behaviour to breakdown phase.
The loss of acceptance at higher levels has shifted price toward lower value areas.

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Structural Status

Range Breakdown → Testing Lower Value

NSE – NIFTY 750 | Container Corporation of India Ltd | 23 Mar 2026

Introduction

This analysis is part of the ongoing NIFTY 750 Structural Census, a long-term structural observation of approximately 750 companies representing a large portion of the Indian equity market.

The objective of this project is to study long-term price behaviour and structural regimes rather than short-term market forecasts.

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Stock Information

Table 1

Market	Symbol	Company	Sector
NSE	CONCOR	Container Corporation of India Ltd	Logistics

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Table 2

Market Cap	Dividend Yield	Beta	Face Value
—	—	—	₹5

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Structural Status

Structural Classification

Complex / Range Structure

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Table 3

Structural Status	Dominant Regime	Trend Type
Complex / Range Structure	Complex Range Structure (Post-2008 Consolidation)	Sideways / Non-directional

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Chart Insight

Structure assessed from earliest reliable data.
Multi-phase structure with intermittent advances and prolonged consolidation.
Price declining within broader range; no clear directional structure established.

NSE – NIFTY 750 | Bandhan Bank Ltd | 23 Mar 2026

 

Introduction

This analysis is part of the ongoing NIFTY 750 Structural Census, a long-term structural observation of approximately 750 companies representing a large portion of the Indian equity market.

The objective of this project is to study long-term price behaviour and structural regimes rather than short-term market forecasts.

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Stock Information

Table 1

Market	Symbol	Company	Sector
NSE	BANDHANBNK	Bandhan Bank Ltd	Banking

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Table 2

Market Cap	Dividend Yield	Beta	Face Value
—	—	—	₹10

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Structural Status

Structural Classification

Structural Damage

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Table 3

Structural Status	Dominant Regime	Trend Type
Structural Damage	Sustained Downtrend (Post-2020 Structural Damage)	Bearish Continuation

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Chart Insight

Structure assessed from earliest reliable data.
Post-listing advance transitioned into sustained structural decline.
Price reacting within downward structure; resistance continues to cap upside.

Day 10 — Market Cycles: The Rhythm of Financial Markets

 Financial markets do not move in a straight line.

They move in cycles.

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What are Market Cycles?

Market cycles are recurring patterns of:

• growth
• peak
• decline
• recovery

These cycles occur across different timeframes.

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Phases of a Market Cycle

1. Accumulation

• informed investors enter
• prices are relatively low

2. Expansion

• broader participation
• rising prices

3. Distribution

• early investors exit
• momentum slows

4. Decline

• selling pressure increases
• prices fall

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Insights from Financial Thinkers

George Soros highlighted how feedback loops can drive cycles.

Robert J. Shiller emphasized the role of narratives in sustaining cycles.

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Additional Perspective — Socionomics

According to
Robert R. Prechter:

• cycles reflect shifts in collective social mood
• optimism and pessimism alternate over time

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Practical Insight

Understanding cycles helps investors:

• avoid buying at peaks
• recognize early opportunities
• manage expectations

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Framework

Market cycles align closely with structural thinking:

Structure → Level → Trigger → Probability

Each phase of the cycle presents different probabilities.

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Concept Anchor

Markets move in cycles, not in straight lines.

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Closing Thought

Market cycles reflect the natural rhythm of financial systems.

Understanding them helps investors navigate both opportunities and risks with greater clarity.

NASDAQ – S&P 500 | Broadcom Inc. | 22 Mar 2026

 

Introduction

This analysis is part of the ongoing S&P 500 Structural Census, a long-term structural observation of major U.S. companies.

The objective of this project is to study long-term price behaviour and structural regimes rather than short-term market forecasts.

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Stock Information

Table 1

Market	Symbol	Company	Sector
NASDAQ	AVGO	Broadcom Inc.	Semiconductors

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Table 2

Market Cap	Dividend Yield	Beta	Face Value
—	—	—	—

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Structural Status

Structural Classification

Sustained Impulsive Structure

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Table 3

Structural Status	Dominant Regime	Trend Type
Sustained Impulsive Structure	Sustained Impulsive Uptrend (Post-2016 Expansion)	Bullish Continuation

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Chart Insight

Structure assessed from earliest reliable data.
Strong secular uptrend with intermittent consolidation phases.
Price correcting after extended advance; structure remains intact.