As you know, the USD has been sideways for the past 2 years. USD trend is key to market transitions. How to know you have a new uptrend? Simple USD should be Overbought on a weekly basis…

In Oct-Nov 2021, USD was OB. The following year, 2022, was a bull market in USD.

Even Sep 2014, USD became OB and USD had a bull market from Sep 2014-Mar 2016 (18mo).

As of the last 2 weeks, USD has been overbought. Hence, a new uptrend has begun for usually 2 years..

Although a 2 year bear market implies a 2 year bull mkt in USD..( Nov 2024-Oct 2026.)

It can go sideways or down a bit over the next 4 weeks before a it pushes again.