The graph you are seeing is about moments before Black Monday happened in 2008, and, as you can see, there was a clear 10% increase in price before Black Monday happened. That is what is happening right now. As soon as the USA reported that its inflation rate decreased 0.6% (9.1% - 8.5%), people became greedy and fomo bought stocks/etc. They thought the trend was going to reverse, but it was just a pullback. In 2008, shortly after the pullback, Black Monday struck and everything dropped. This might be a sign that means that we are way closer than we think to a recession (1 - 2 months left ). To add to that, the price dropped a few months before the 2008 recession as well.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.