Bierman says look at the facts: 84% of the stocks in the S&P 500 are still trading below their 200-day moving average. And 95% of stocks in the S&P 500 are still trading below their 50-day moving average. Another breadth statistic from Bierman: On the 1,000 point Dow day, there were 114 new lows on the New York Stock Exchange, and only one new high. If this were truly the end of the bear market, you would not see such a disproportionate number of new 52-week lows versus highs on the NYSE on the biggest rally of the year. Put another way, this is a bear market that will take months or longer to be resolved. When a market gets this oversold, and sentiment is so overwhelming negative, rallies are expected. So while there may be occasional rallies, the market will drop even lower before it bottoms. https://www.marketwatch.com/story/t...kers-rally-2018-12-27?mod=MW_home_top_stories
Thats because the market was closer to its 52 week low than it was to its all time high. How many new highs do you expect to see when the market is down over 15%?
Which is a another bear sign. Actually i like a good green uptrend, but dont see many[new highs @ all]; to answer your question. ''WE may not have entered a bear market'' -B1Sell2. But SPY, DIA,QQQ are below 200dma-they have been bear market for some time.Mild bear rally-not a prediction. LOL +true.