Very Long-term trend - Down! The very-long-term cycles are down and if they make their lows when expected, the bear market which started in October 2007 should continue until 2014.
SPX: Long-term trend - Up! We are in a medium-term bull market, which is a corrective move within a long term bear market. This bull market should last until 2011
SPX: Intermediate trend - The Index continues its uptrend from March 2009. It looks sustainable for another few weeks.
By Andre Gratian
MarketTurningPoints.com
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