The Cycle of Supply and Demand in the Stock Market

In 2023, once we surpassed those key levels around 4250 and 4300, it was very clear to a lot of technicians that we were in a continuous secular bull market. We saw interest rates that we will never see again in this lifetime, but that was an inflection point. And when technical analysts are looking at very long term trends, when you see something like this, a 40 year downtrend that has been broken to the upside, that's a secular shift.