Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern
On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. PY will cross MY in more than one period. On a Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).
Idea: bullish no-crossover for our stochastic.
Bet: S&P 500 rise in the 95 / 2000 as a benchmark.
Long term: a new monthly bullish pattern qualification?
On a quarterly basis, the pattern is a bullish parallel one. The dynamic for our 7 / 23 quarters moving averages is strong. The status in progress for our MACD and our stochastic is a bullish no-crossover.
On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover in progress. Our stochastic is oversold. A bullish no-crossover is in progress with our MACD. MM is a strong support. A new parallel qualification could be in hand in early October after a PM / MM bullish crossover.
Idea: with the oversold status for our monthly stochastic, a new high is in hand
Bet: until the end of July; if 1155 proves to be a support, 2 000 will be an intermediate short term target
R = rise > 2 years, +++ (should be above 2 000, 3 000???); S = 1155, MM (1000)
Medium term: MW / PW +2
On a weekly basis, a bullish parallel pattern is in progress. A new qualification into a bullish parallel pattern will be in hand if our stochastic is not overbought early next week.
Idea: with a new parallel qualification, same pattern will develop on a monthly basis
Bet: wait next Monday morning
R = 1250 (psy.), 1430, + S = MW (1153)
Short term: flat
On a daily basis, Bollinger bands spread is not minimal. But with our weekly pattern it is not bearish. If MD proves to be a support, UD will fail as a resistance. Below PD, LD is our next objective.
Idea: medium buy signal if MD = support
Bet: M23 will be up next week
R = 1250, + + + ; S = MD (1213.2), PD (1194), LD (1181.5)
Conclusion: new qualification into bullish parallel for weekly time frame?