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During the bull market in 2016, the indicator peaked, which was 354 days away from the bull market peak at the end of 2017.
This indicator reached its peak during the mid-term of the 20-year bull market, 352 days before the bull market peak in the first half of 2021.
The indicator reached its peak during the mid-term of the 24-year bull market, and it has been 75 days since then.