Long term: new bear trend?

On a yearly basis, Bollinger bands could be flat next period. The trend for our 7 / 23 years moving averages is slightly up. Our stochastic could be overbought at the end of this period with a bearish divergence. Below MY, the main trend will be bearish.

On a quarterly basis, for our stochastic the status is a bearish divergence (worst for the 30 Y US T-Bond contract). With this hypothesis, MQ is our first support. LQ is flat.  PQ could act as a support.

On a monthly basis, UM / LM spread is near its maximal level. A bearish B type crossover could develop for our 7 / 23 months moving. A bearish non-crossover could be the status for our stochastic (and a bearish divergence is in progress). LM is our next objective.

Idea: with a close below MM, LM is our main target.

 R = UW (119.53), UM (124.98);    S = LM (111.11), PQ (110.61), MY (109.42)

Medium term: UW / LW spread is minimal

On a weekly basis, UW / LW spread is near its minimal level. Our 23 weeks moving average will continue to decline. UW is our main resistance.

Idea: as long as our MACD is not overbought, main target..

R = UW (119.53);      S = MW (116.84), LW (114.14)

 Short term: neutral

On a daily basis, UD / LD spread is maximal. A bearish non-crossover is in progress with our stochastic and MACD. If PD fail as a support, LD is our next objective.

Idea: bearish pre-parallel pattern if LD proves to be a support.

R = MW (118.26), UW (119.95);       S = PD (117.98), LD (116.57)

Conclusion: with a bearish divergence as a status for our quarterly stochastic, a similar pattern could develop on the yearly basis.