What would make me bullish on the market?

I've received emails asking what would make me bullish. I'm going to answer all of that in this post.

The markets SHOULD NOT break the red sloping trendline (highs of 2007 to highs of 2010). If it does break, however, there is a chance that we could go above the highs of April 2010. (My analysis of SPY falling to $95 could be wrong.)

But even if we do go higher than April, I would still remain bearish unless the SPY entered $126 (green horizontal line). The markets should not violate $126 that is the "line in the sand" of this bear market.

If you still have questions, please email me.