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Glossary

Bull market

A long period of rising prices, often described for stocks as a gain of 20% or more from a recent low.

A bull market is a broad, lasting advance. For stock indices, a rise of 20% or more from a recent low is a commonly quoted rule of thumb, mirroring the 20% convention used for bear markets.

On a chart, a bull phase usually shows a series of higher highs and higher lows. Pullbacks still happen inside it, sometimes sharp ones, without ending the larger uptrend.

Like a bear market, a bull market is a label applied after the fact. It describes what prices have done, not what they will do next.

Read the full guideS&P 500, Nasdaq-100 and Dow: What Each Stock Index Measures

For education only, not financial advice. Crypto assets and stocks are volatile, and leveraged positions can lose more than the money you put in.