FYI: After a few months of being range bound on the indexes – especially the Russell 2000 and the NASDAQ, this past week saw a significant improvement in short term technical conditions. This coincided with the celebration of the “longest bull market in history”.
Wednesday marked 3,453 days since the S&P 500 hit its low of 666 on March 9, 2009. Since then, the broadest U.S. blue-chip index has more than quadrupled in price terms. The current rally isn’t the hottest. The previous record S&P bull market that ended with the tech bust in March 2000 rose 417% over 3,452 days—far above the current rally’s 323%.
Regards,
Ted
https://www.stocktrader.com/2018/08/27/weekly-market-recap-aug-26-2018/
