After an enormous rally from 1678 till current prices, we have had nearly 250 USD increase in price but where would be the ceiling for this rally before a correction?
Based on previous data I would say that 1950ish is the area to clear in order to keep climbing for a double top or to hit new all time high.
From the fundamental point of view, honestly I do not see it going much higher as inflation will cause yields and USD to rise, stocks will crash and money will be moved off to safe treasuries.
We have been with almost no interest for over a decade, the course started to change.
All the best.
Based on previous data I would say that 1950ish is the area to clear in order to keep climbing for a double top or to hit new all time high.
From the fundamental point of view, honestly I do not see it going much higher as inflation will cause yields and USD to rise, stocks will crash and money will be moved off to safe treasuries.
We have been with almost no interest for over a decade, the course started to change.
All the best.