Big Price Moves, Even Up, Are Not a Sign of a Bull Market

Below the S&P 500 chart is a 1-period ROC (rate of change) showing the percentage moves each day.

Bullish periods are calm, typically having moves of less than 1.5% a day (based on closes).

Big moves to the uspide or downside typically only occur in corrections.

The biggest upside days in the market occur during bear markets!