if we pass 1160 ...

[mind]

... than this can hardly be called a bullish correction in a bear market any longer. i am still very cautious in terms of fundamental environment of this market, but the sp future recovers from his lows now in a way that the lows really seem to be pull backs.

please disagree and argue ...


peace

 

[waggie945]

How can anyone trade in terms of monthly charts that would either identify or confirm whether or not the long-term trend is bearish or bullish?

For many perma-bears, 1160 is key.
But if you are a trader it is meaningless.

The Trend is your Friend.
Pretty simple.