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. Our stochastic is oversold. A bullish no-crossover is in progress with our MACD. MM is a strong support. A bullish no-crossover PM / MM could develop.

Idea: with an oversold status for our monthly stochastic (end of period), a new high is in hand

Bet: with a monthly close above 1180, our Yearly Bet will be our main forecast for some years

R = rise > 2 years, +++ (could be above 2 000);    S = MM (989)

 

 

 Medium term: bullish T2

On a weekly basis, a bullish T2 is in progress.

Idea: LW trend is our leading indicator

Bet: parallel or bubble

 

R = 1220, 1430,        S = MW (1120)

 

Short term: Bollinger bands spread is not minimal

On a daily basis; a bullish no-crossover is in progress with our 7 / 2 3days moving averages. MD is up. As long as our MACD is not overbought, the rise in progress will continue.

Idea: not lower than LD

Bet: MD = support without a bullish pre-parallel pattern

 

R = 1220;           S = MD (1156), LD (1129)

 

Conclusion: for 6 weeks, LW trend is the key to know if the name of the new € is GOLD.