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 in progress 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 and continue thru 2011. The status in progress for our MACD and our stochastic is a bullish no-crossover. This pattern on a quarterly basis is a very powerful signal.

On a monthly basis, our 7 / 23 months moving averages are up with a bullish no-crossover in progress. At the end of the current period, the status for our monthly stochastic could be a bullish no-crossover. The same pattern could develop with our MACD. After a PM / MM bullish crossover, if July low proves to be a support, a new parallel qualification will be in hand in early October. Otherwise, MM could be a target.

 Idea: qualification into a new monthly bullish parallel pattern, is the only question for every one

Bet: MM as a target below 1155

R = rise > 2 years, +++ (should be above 2 000, 3 000 and +++);    S = 1155, MM (1052)

 

 Medium term: towards UW?

On a weekly basis, UW / LW spread is far away from its minimal level. A bullish no-crossover could develop with our 7 / 23 weeks moving averages during the next period. With this hypothesis, above PW,UW will be our main target. Below MW, LW could be our main support.

Idea: towards a new monthly bullish parallel if PW fails as a resistance

Bet: stochastic could be oversold next week.

 

R = PW (1233.1), UW (1257.6)        S = MW (1199.2), LW (1140.8)

 

Short term: no bullish pattern

On a daily basis, Bollinger bands spread is minimal. With our 7 /23 days moving averages trend, no bullish pattern could develop. As long as our MACD is not overbought, the rise in progress will continue towards UW.

Idea: rise until the end of next week

Bet: bullish pre-parallel pattern at the end of August. 

 

R = PW (1233.1);          S = MD (1193.6), PD (1178.4)

 

Conclusion: very bullish by summer end if 1155 acts as a support.