At least 29 reasons to be bullish
Exhibitions of powerful price momentum are rare. Since the market bottom in 2002, there have been eight occasions when the percentage of S&P 500 above their 50 dma has surged from below 15% to over 90% in a brief period. That latest episode occurred when stock prices soared off the bottom in October 2023. These price surges were usually resolved in either a short-term consolidation or setback, but the S&P 500 was invariably higher a year later with a 100% success rate.
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Source: http://humblestudentofthemarkets.blogspot.com/2024/01/at-least-29-reasons-to-be-bullish.html
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