Long term: bullish

On a yearly basis, Bollinger bands spread is minimal and UY is up. The status for our 7 / 23 years moving averages is a bullish non-crossover. Our stochastic and MACD will be oversold at the end of the year. The up trend will continue for two periods or more.

On a quarterly basis, the spread UQ / LQ is minimal but is increasing. A bullish non-crossover is the status for our stochastic and MACD. With a new high next period, a bullish ATDMF pattern will be in hand.

On a monthly basis, a bullish non-crossover is the status for our 7 / 23 months moving averages. Pattern with our Bollinger bands is a bullish parallel one.

 Idea: FED will act again in 2008 and 2009.