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The SP500 marked the longest bullish trend in its history

Financial Times newspaper

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The bullish trend of the SP500 in 3453 days, makes it the longest as defined by some investors.

Wall Street believes that the bullish market began on March 9, 2009, when investors managed to take with the global financial crisis, which evaporated more than half of the value of the US stock market. Since then, the SP500 has been trading with over 400% return.

Today, after 9 years of bullish market, investors are discussing when and not whether stock market will crash.

However, it is still early to conclude whether the February adjustment will not be key and mark the end of the bullish market. To ensure that the SP500 will remain in the bullish trend, the price should be able to break through the peak from January 26 and stay there for several consecutive days. The level is key, and if SP500 and Dow fail to record a new peak, and at the same time fall by 20%, then we can conclude that the end of the bullish trend ended on January 26, 2018.

Source: Reuters

Photo: Pixabay.com


 Trader Petar Milanov

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