No. of Recommendations: 0
The S&P 500 index intraday high hit 4606.31 this morning, which is within 0.02% of the intraday high back on July 27th (4607.07). We are on day 94 since that high.
I think Jim summarized the 99-day DBE in a binary way - either "we are definitely in a bull market", or "we might not be in a bull market" and that if the DBE was unfavorable, other indicators should be looked at to confirm the market condition.
But today's high is only 0.02% lower than the peak back in July. Is that difference worth saying the bull market may be over if the July peak isn't technically surpassed in the next week?
Tails
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