This analysis is based purely on technicals! Since the 1920 high us inflation has been on a long term downtrend. I connected the 1920 high with the 1947 high and the 1980 high touched the trend line and reversed with no overshoot. Now price is touching the trend line for the 4th time and we’ll have to wait and see if the long term downtrend continues or if we’re headed towards economic turmoil.