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 MY. The dynamic for each band is very strong. PY will cross MY in more than one period. On a Historical basis, one of the most bullish patterns ever seen (since the end of XIX century).
Idea: bullish no-crossover for our stochastic.
Bet: S&P 500 in the 80 as a benchmark.
Long term: quarterly bullish parallel pattern
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 is a bullish no-crossover. Same pattern will emerge for stochastic at the end of this period if prices are above 1152.
On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover in progress. A bearish divergence is always in progress with our stochastic. Same status is not ruled out for our MACD. But a bullish no-crossover is likely. As long as a bullish no-crossover could emerge as a status for our MACD, MM is a strong support. Next period, a bullish crossover PM / MM is expected. Afterwards, without a correction, a powerful bullish pattern could develop.
Idea: with an oversold status for our monthly stochastic (end of period), a new high is in hand
Bet: monthly bullish parallel pattern
R = rise > 2 years, +++ (could be above 2 000); S = MM (971.79)
Medium term: without trend
On a weekly basis, Bollinger bands spread is minimal. A bullish no-crossover is the status for our moving averages. Same pattern is in progress for our stochastic. UW acted as a resistance and LW is flat. As long as MW proves to be a support, a bullish pre-parallel pattern could develop. Otherwise, LW will be our next objective.
Idea: the week is not yet finished: a close above UW + bear trend for LW could develop.
Bet: very bullish with an oversold status for our monthly stochastic
R = UW (1166.2) S = MW (1117.5), LW (1068.9)
Short term: like a bullish parallel pattern
On a daily basis; a bullish move is in progress.
Idea: UW could act as a resistance
Bet: higher as long as our MACD is not overbought.
R = UW (1166.2), + S = MD (1122.5)
Conclusion: bullish as long as MD proves to be a support.