Whereas the Breakout and Pullback setups are only bought when the S&P 500 and / or NASDAQ is already in a steady uptrend, it is not necessary for the major indices to already be in a confirmed uptrend when buying a Trend Reversal. (morpheustrading.com)
After a few more days, $ MZOR regained its bullish momentum and resumed its steady uptrend over the next few weeks. (morpheustrading.com)
As you can see, since 1994 the growth in nominal retail sales on a year over year basis has been in a downtrend, while the level of consumer credit outstanding as been in a steady uptrend. (investmentresearchdynamics.com)