SPY - CURRENT DAX BULL CYCLE
SPY hasn't put in a red bar for a while and although this is quite rare, it is not a new record.
Since 2009, longest bull run before a pullback was 14 bars and we're now clocking in at 11 bars. That is, "upside is limited" but we might have to check mid 247 -ish before we get a pullback.
Since 2009, longest bull run before a pullback was 14 bars and we're now clocking in at 11 bars. That is, "upside is limited" but we might have to check mid 247 -ish before we get a pullback.
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