In the past 10 yrs, the current rally without even a 3% dip is equal in time to the ones that ended in Feb 2017 and Jan 2020 (red circles). The only longer rally (by nearly 3 times) ended in Jan 2018 (green)

The Jan 2018 outlier was spurred by the federal corporate tax cut plan

This thread. 4-1/2 months without a 2% pullback on a closing basis $SPX

@ukarlewitz We had a -2% intraday drawdown last Monday.

@ukarlewitz so 3% + 5% = 8% dip is coming! got it 👍

@ukarlewitz Does that make a dip more likely in the near future or are they statistically independent?

@ukarlewitz remember a nasdaq bear market from 2000-2010

@ukarlewitz The dip will be bought. It always is.

@ukarlewitz bring 5% dip