Study: longest rally in history without a 3%+ pullback
The U.S. stock market continues to set records. Not only is the current rally the longest rally in history without a 6%+ “small correction”, but this is also the longest streak in history without a 3%+ pullback.
Here are the 7 longest streaks in history without a 3%+ pullback.
- November 7 2016 – present: 305 days and counting
- January 26, 1995 – January 9, 1996: 241 days
- July 7, 1993 – February 23, 1994: 162 days
- November 26, 1963 – June 3, 1964: 131 days
- September 2, 1965 – February 23, 1966: 120 days
- December 17, 1964 – June 1, 1965: 114 days
- January 27, 1983 – June 27, 1983: 105 days
Let’s look at how each of these historical streaks ended.
January 26, 1995 – January 9, 1996: 241 days
This streak ended with a normal 4.3% pullback.
July 7, 1993 – February 23, 1994: 162 days
This streak ended with a 9.7% “small correction”.
November 26, 1963 – June 3, 1964: 131 days
This streak ended with a normal 4.8% pullback.
September 2, 1965 – February 23, 1966: 120 days
This streak ended with a 23.6% “significant correction”. This historical case doesn’t apply to today because the Medium-Long Term Model doesn’t foresee a significant correction right now.
December 17, 1964 – June 1, 1965: 114 days
This streak ended with a 10.9% “small correction”.
Thanks Troy , seems like you have been back to Aussie ? If so enjoy 🙂
Yes I have. Loving the weather.
Troy, your historical charts never come with rsi built into the charts so we can study price divergence. Are u unable to get rsi in historical charts