A range bound or sideways market occurs when the prices of investments remain in a narrow range for an extended time. 

They don’t make new highs or break out above the prior high. If they did, it would signal the start of a bull market. 

They don’t dip below the prior level of support or create lower lows. If they did, it means they made a mistake. A bear market would be defined as a drop of 20% or more.

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