W3Schools

Outside the Box: Looking for the stock market’s top? No one will ring a bell to tell you it’s arrived

It may be a good time to remind everyone of an old market adage: Nobody will ring a bell when market cycles end. There won’t be a grand announcement that a top is in. There won’t be a massive reversal that will make it clear to everyone that a major top is in, a top for years to come. Wall Street won’t announce it, nor will the Fed, and any warnings will be dismissed.

Nobody can call a top in advance, tops are only clear in hindsight. Not the day after, but often only months later.

In fact tops can be very sneaky, innocuous, uneventful, subtle.

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