Bullopause, from Kim Zussman
Daily all time highs in SP 500 (natural log) vs date.
For example latest record close for S&P was 1951.27, ln(1951.27)= 7.576
At times a new ATH follows closely after another ATH, but at other times there is a considerable gap or "bullopause".
The last Major Bullopause lasted 1375 trading days, from October 10, 2007 when the S&P failed to exceed its prior close of 1565.15 until March 28, 2013 when it set a new record close at 1569.19. From then until now the pauses have been quite short, none exceeding 34 trading days and usually much shorter.