forgive the broken record but as a chartist I have to point out the similarities we still have to 2022. In late March of 2022 we came within 4% of all time highs, were 3.3% above the 200sma, and 5% above the 50sma.
Currently we have come within 4% of all time highs, 2.6% above the 200sma, and 6.4% above the 50sma.
Pointing this out as I've seen many point to this latest rally as evidence that there can be no bear market.
History tells us "not so fast."
Of course there are other data sets out there that look at internals that are giving better signals vs early 2022.
Strictly taking a technical approach here and showing why bulls could still be wrong.
