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: LM is a very strong support.

 R = UW (119.56), UM (124.89);    S = LM (110.97), PQ (109.46)

Medium term: towards UW

On a weekly basis, UW / LW spread is near its minimal level. Our 23 weeks moving average will continue to decline. The status for our stochastic and for our MACD is a bullish non-crossover.

Idea: as long as our MACD is not overbought, UW is our first resistance.

R = UW (119.56);      S = MW (116.81), LW (114.06)

 Short term: neutral

On a daily basis, UD / LD spread is minimal. Moving averages, stochastic and MACD are up without a bullish non-crossover. With our weekly trend, no bullish ATDMF pattern could develop.

Idea: nothing to do.

R = UW (119.56);       S = MD (117.46), LD (116.56)

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