A bull market kicked off in 1974 after a lower low was formed from the 1970 local bottom and the 300-month SMA was tested. Subsequent tests of the 200-month SMA occurred in following years, followed by a parabolic breakout and volatile re-tests of the 50-month SMA, including a ~36% unexpected drop in 1987 (Black Friday) and a 20% decline 2-3 years later in 1990. At the point of this decline, the S&P had rallied nearly 400% since the bottom in 1974. The S&P continued to rally another 400% from 1990 until topping in the year 2000.
A bull market kicked off in 2009 after a lower low was formed from the 2002 local bottom and the 300-month SMA was tested. Subsequent tests of the 200-month SMA occurred in following years, followed by a parabolic breakout and volatile re-tests of the 50-month SMA, including a ~36% unexpected drop in 2020 (COVID) and, at present, a 30% decline 2 years later in 2022. At the point of this decline, the S&P had rallied nearly 400% since the bottom in 2009. The S&P...
This is not investment advice. This is merely a macro-viewpoint to consider during a period of bearish market sentiment based simply on historical data price trends, demonstrating it has not always been gloom & doom after perceived massive bull rallies for extended periods of time.