[marry123]

One more chart, historically going back to 1960 every 20% "retracement" from the lowest close resulted in a bull market
except one, in 2002.
The S&P has now seen a rise of over 20% on a weekly timeframe...what does history mean in this case?
The chart attached is on a log scale in order to show the relative rise and fall along with a 20% zig zag overlayed. I've highlighted in 2002 where in hindsight we can see this did not quite pan out

Last One I promise...this time with the ichimoku cloud overlayed and the zig zag
The ichimoku cloud is also able to distinguish when a bull market has resumed, without exception
every time there has been a confirmed bear market (drop of 20%) the ichimoku cloud has never been wrong since 1960 in recognising the bottom

Every time when more than 15% of stocks were above their 200 MA, after first falling below, on the weekly the bottom was in. It looks to me we have made bottom and may not revisit unless I am reading this incorrectly. Maybe someone else can find a flaw in my interpretation.