Appears to be completing its third 7yr expansion and second overall 17yr peak-to-peak cycle. Dotted black trend line likely to break later this year, confirming recessionary expectations.
Trough to end-of-peak:
a) October 1978 low - March 1985 high
b) July 1995 low - February 2002 high
c) July 2011 low - December 2018 high
a) March 1985 - March...
Monthly breakout schedule w/data from past two 11yr intervals: 2yr hovering period at black support prior to uptrend breakout, first peaking at blue resistance after 20-months (Oct 98, Oct 08). Target > 55 by end of the yr.