Yearly trend: higher
On a yearly basis, the pattern in progress is a bullish parallel pattern. The status for our MACD is a bullish no-crossover. Our 7 / 23 years moving averages are always on a bull trend.
Idea: use bullish parallel rules
Bet: higher
Long term: bullish pseudo no-crossover for our quarterly moving averages
On a quarterly basis, the spread UQ / LQ is maximal but shrinking slowly. With our 7 / 23 quarters moving averages, a bullish pseudo no-crossover could develop this year. Without a bearish no-crossover as a status for our stochastic, a rise will develop and UM will be a target. Otherwise MQ will be our first objective.
On a monthly basis, the spread UM / LM is shrinking but it is far away from its minimal level. As long as our stochastic is not overbought, the rise in progress could continue.
Idea: UM as a main target
Bet: Bollinger bands could stabilize in early summer
R= UM (98.7); S= MQ (67.31, end of period)
Medium term: not bullish
On a weekly basis, the volatility is not minimal. Our stochastic and MACD status could be overbought next week. Monthly M23 trend is down. A bullish pre-parallel pattern is unlikely. Below MW, LW is our next objective.
Idea: with UD / LD spread, prices will stabilize for some periods
Bet: the pattern in progress since July 2009 will continue
R = MD (83.5); S = MW (78.62), PW (72.57)
Short term: towards LD / MW
On a daily basis, Bollinger bands spread is maximal. LD / MW could act as a support. Afterwards, a bearish pre-parallel could develop if MD acts as a resistance. Otherwise, a recovery towards UD is expected.
Idea: MD and PD at the same level = strong support
Bet: leader for indices trend?
R = MD (83.5), UD (87.15); S = MW (78.62)
Conclusion: recovery for 2010 could be disappointing.