From Trader's Narrative:

It has been a few months since we last checked in with the Coppock curve. If you’re not familiar with this indicator (also referred to as the Coppock Guide), check out the previous link for background information.

If you recall, back when we were still in the thick of the recent bear market, many saw the rally off the March 2009 lows as nothing more than rigor mortis. Sentiment was so bearish, that even when the Coppock curve finally gave its blessing - rather late as its nature dictates - many still questioned the possibility of a bull market and cast aspersions on this noble indicator...

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