We have not looked at this chart in a few quarters.
Secular bull market roadmap: The S&P 500 broke out to new all-time highs in April and has held this breakout. The retest of the prior highs in June confirmed the breakout (prior resistance acted as support) and this is a secular bull market pattern. Holding 1575-1530 keeps this breakout intact.
History of big range breakouts: Upside breakouts from big trading ranges are bullish long-term even if the US equity market pulls back and spends time retesting the upper portion of the secular trading range.
The key question is, are we now 5 years into a 1982 – 2000 type of a secular bull market, or is this merely a post 19734-74 bounce?
Stephen Suttmeier, MacNeil Curry, Jue Xiong
Monthly chart portfolio of global markets
Bank of America Merrill Lynch, October 1, 2013
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.
20 Responses to “Secular Bull Market Roadmap”
Leave a Reply
You must be logged in to post a comment.