1. Short term upward trend to continue 2. Once technical rec...
1. Short term upward trend to continue
2. Once technical recession in the US is confirmed the trend will go downward, coinciding with the start of the downward trend. The US dollar is also expected to start to decline around the same time.
3. Aggressive rate cuts from the fed will kick in leading to further US dollar weakness, but would also cause a base to be set for US stocks . This will form the head and ahoulders pattern with the right shoulder higher than the left one.
4. Thereafter, expect a strong rally well exceeding current highs. on the back of strong interest rate cuts.
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