ES Journal - 2019/2020

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Spy recovers/bounces about 35% higher since the low on 3/23. By the standard of 20% BULL/BEAR market criteria, do people agree that we are in a bull market now? Even if you calculate from the all time high, SPY is now only lower than less than 13% from ATH, so it shouldn't be a bear market either. Just curious.
 
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We've never had a 5 week bear mkt in history. Coming off a 11 yr bull mkt hard to believe the bear mkt is over with so many problems ahead.We'll have our answers by the fall . If we haven't started back down hard by sept then the bear mkt is probably overWon't be getting near the march lows) but at best i still see a sideways type mkt for a long time .
 
jl1575 said:
Spy recovers/bounces about 35% higher since the low on 3/23. By the standard of 20% BULL/BEAR market criteria, do people agree that we are in a bull market now? Just curious.
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No.

The "standard" you reference is a one-size fits all "type of market" descriptor.
Trend however, is measured by actual pricing and actions.

Next up is a weekly and a monthly closing value, which will provide usable (larger) trend information. I suggest you look at the 1929 Dow... 350 -> 200 -> 300 -> depression. NB: I am not suggesting the current environment is akin to 1929. The fact is the magnitude of rally is not unusual.
 
Taking a gander this evening at the days action and it was nice to see that we held the overnight move today after such a strong Fri closing.---Nice little pullback here in the afterhours by the teenagers. Staying long here.
 
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