Percentage profit potential peaks at
the beginning of a new uptrend.
Not exact matches
But when a market rally extends to historical levels, conditions favor a very deep pullback that may take several years
of basing before a
new and sustainable
uptrend can
begin.
Other negative signs include stocks making
new highs on low volume, a stock repeatedly reversing off highs and / or closing near intraday lows, or when a stock
begins breaking logical areas
of support like key moving averages and
uptrend lines.
The
uptrend in the S&P 500 has accelerated in a strong way since the
beginning of the
New Year, proving many bears wrong.