With prices moving higher for the second day in a row, consider the recent path of the S&P500. This market continues in roughly the same place for the last ten or so trading days. The diagram shows this pause, as well as a previous suspension late in 2013, that lasted about twenty days, before prices resumed their upward path.
With this bull market in its 1,221st day, while the previous two lasted just 1,059 and 1,153 trading days, caution may well be in order.
DJIA .66 percent
NASDAQ .76 percent
S&P500 .52 percent
