Markets Crack When Bulls Retreat π The Chart Report
Chart of the Day
π Today's Chart of the Day was shared by Willie Delwiche.
It takes bulls to have a bull market, as evidenced by the non-shaded areas on the chart.
Over the past decade, sustained S&P 500 rallies have coincided with a bull-bear spread north of 20%.
When sentiment slips below that threshold, trends have become less durable, with breaks often evolving into full-blown correction periods.
The Takeaway: Strong trends require strong participation, and when that fades, markets become far more prone to breakdowns.
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