@olarren @johnfcarter If we count the bull rallies in 2008-09 #recession:
• 8.49%
• 11.24%
• 14.61%
• 8.92%
• 27.43%
• 22.30%
• 28.01%
$SPX $SPY $ES

So, we had seven significant mini bull market rallies before making the bottom (-58%) of the #bearmarket