With the DJIA rising 1.23 percent, the NASDAQ 1.99 percent and the S&P500 2.08 percent, the recovery is sustaining its advance from the previous low of March 9. Indeed, while that is just 9 trading days ago, the closing prices have increased more than 14 percent for the DJIA, while the NASDAQ and the S&P500 have gained in excess of 17 percent.
This pattern closely resembles the profile of the previous recovery in 2002. Then the increases at the bottom came to 16 percent for the S&P500 and 17 percent for the DJIA and the NASDAQ, in the nine days before the turn-up began.
Of course, then, and always, the advances was not continuous nor without interruption. However, looking at that trough from the vantage of time, it clearly marked the end of that bear market and the beginning of the new, up cycle.
DJIA 1.23 percent
NASDAQ 1.99 percent
S&P500 2.08 percent