Post #1097 by DragonTales on the Mechanical Investing board

Investment Strategies / Mechanical Investing ❤

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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

https://stockcharts.com/h-sc/ui?s=%24SPX&p=D&yr=0&...

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