Editorial

Pour l’instant, il ne se passe pas grand-chose sur les indices : c’est le calme qui précède la tempête. Dans nos analyses, nous indiquons que certaines figures sont sur le point de se former. Si, au début du prochain trimestre, ces configurations apparaissent, il sera plus facile pour les opérateurs de prendre positions.

 

 

Indice S& P 500

 

 

 

Le texte suivant est traduisible à l’aide de Yahoo Babel Fish.

Long term basis: Quarterly bearish divergence with our MACD => LQ / MY as a target

On a yearly basis, a bullish parallels pattern is in progress but next pattern for our MACD will be a bearish divergence. Furthermore, our MACD will be overbought before our stochastic: a sharp decline is underway.

On a quarterly basis, the dynamic for our 7 quarters moving averages is down. Since the end of March 08 a bearish divergence is the status for our MACD. This is the status for our stochastic since December 2007.  LQ (980) could be a target if MQ (1264) fails as a support.

On a monthly basis; the status for our stochastic and MACD is a bearish divergence. Our first objective is LM (1309). The spread UM / LM is not minimal but not so important and will increase.

Idea:  as long as MM (1432) = resistance, a bearish pre-parallels pattern could develop.

 

Medium term: MW (1359) = main resistance

On a weekly basis, Bollinger bands spread is not minimal. With our 7 / 2 3 weeks moving averages, a bearish A type crossover could develop soon. Our stochastic and MACD are overbought. LW (1294) is our next target.

Idea: lower.

 

Short term: lower

On a daily basis, the bear trend for our 7 / 23 days moving averages will continue. Today, without a recovery, the status for our MACD will be a bearish non-crossover. As long as MD (1370) proves to be a resistance, the decline could continue or amplify.

Idea: very bearish with a close (Friday 20) below the previous one.

 

Conclusion: bearish next quarter.