Derf, >> cup and handle <<
Check the chart going back to 2011 and the 'cup' is classic. The 'handle' has been forming since 2020, but has actually taken 3 dips to form, so is a 'quasi handle', but close enough. The inverted head + shoulders since 2020 is fairly classic -- the left shoulder was deeper than the right, but the neckline is classic.
Can't blame you for being anti-gold though, especially now with cash and bonds paying 4-5%. But I figure a modest gold position makes sense as disaster insurance. With the US debt at 34 trillion and climbing by several trillion / year, and global de-dollarization, the crumbling Petrodollar system, etc, a dollar crisis is inevitable at some point. But tough to say when. I'd say residential real estate is the better inflation hedge, but probably best to have some of both.
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