Is it just me, or does this chart look extremely bullish?
Perhaps I should not have retracted my 115 prediction by June. This chart looks like a massive reserve head and shoulders pattern that could take us to a new high in short order. Maybe I'm wrong, just looks that way.
I think interest rates are about to shoot up, so maybe the inflation spread is about to break out massively, which would make some sense based on the big commodity rally.