The 1980 bullrun wasn't the same as the 2011 bullrun. Because Fiat decreased in value. The current bullrun isn't the same as 2011 and certainly not 1980. What I do say is new high in real value. Which means we have a long long way to go. Everything below 3 digits is cheap.
Search for value not fiat. Stocks are crashing for years already.
Watch the yellow box I have here for another restest and see what happens. I am predicting an expanding flat , that is almost complete in this zone (we love trading the END of corrections) for more downside. At least equal bottom, more could come though.
This clearly looks like the 5th wave down, so I always set TP to the equal bottom with the last move for upmost safety. That red line you see is a daily price action structure line, so for sure going to see some interaction down there again.
Here is another lovely down trend in play and another cross I am stalking. I'm waiting for a small bearish candle to present itself to me in the cradle zone, then will play a short trade if it's there. I like how the price is nearing in on the previous level of support/resistance. I'd like to see it test that level before bouncing to the downside.