Quick summary Bullish reasons (charts): 1. Multi decade uptrend within a channel - currently under reversion to mean 2. Cup completed now forming a handle. - retracement since a year long uptrend (impulsive) 3. Descending wedge is about to be broken. 4. retest of multi year resistance at 1800 (perfect psychological number) turned support.
Bullish reasons (fundamentals): 1. - dying global reserve currency (80 year cycles of global reserve currencies coming to an end for the dollar). - fed is printing dollars to infinity - the dollar is a sacrificial lamb - inflation is underway (20% of dollars since 1944 is printed in 2020 alone) 2. more uncetainties underway in the next few years. - covid 20 is probable using the spanish flu as a case study. - stocks are overvalued. zombie companies run amock.
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