Looks bullish as it just b/o of the macro descending triangle & the downtrend line around 447.......if it has follow-thru and volume to go with it then this could be the start of a new bull trend........targets to the upside are tgt.#1=534 which is the .23% Fib & then tgt.#2=654 which is the .38% Fib w/ the final tgt.#3=751 which would be retracing half of the downmove from Nov.......looks to be in new bull trend which could continue for several months.....as always watch volume for confirmation
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Corelianer
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I would not say bullish yet, but a stop of the downward trend.