Key Takeaway: The S&P 500 has been churning over the past few weeks and the 6th longest stretch in history without a new all-time remains intact. But based on our checklist, we are still seeing bull market behavior.
The S&P 500 has been unable to get through resistance (i.e. the Jan 2021 all-time high) and that is not typically a sign of strength. If this continues through the end of February, the current streak will move up to 5th on the all-time list.
Despite that, our checklist has not shown weakness and argues that the bull market is still intact.