Long term basis: not yet bullish
On a yearly basis, the status for our stochastic is overbought. With our 7 / 23 years moving averages, a bearish B type crossover will develop before 2014. As long as MY (end of period) proves to be a support, the recovery could continue. Next supports are 2003 low and LY.
On a quarterly basis, LQ / UQ spread is maximal. MQ is our next objective. Above MQ, UQ is our next objective.
On a monthly basis, Bollinger bands spread is minimal. With the quarterly trend, as long as MM proves to be a support, UM is our maximal target. With a close below MM, May 2010 low is our first objective and LM is the next one.
Idea: bullish with a close above MQ
Bet: focus on LM trend: without a bearish trend, MQ = resistance.
R = UM (4051, at the close), MQ (4377); S = MM (3675), May 2010 low (3287), LM (3303), 2003 low (2401)
Medium term: higher
On a weekly basis, Bollinger bands spread is minimal. A bullish no-crossover is in progress with our 7 / 23 weeks moving averages. The rise in progress will continue as long as our MACD is not overbought.
Idea: nothing to do
Bet: rise in progress.
R = UM (4051, at the close); S= MW (3820), LW (3635)
Short term: higher
On a daily basis, without PEI on daily TAM, no bull trend could develop. As long as MD proves to be a support, a decline is only a technical move.
Idea: towards LD if MD fails as a support
Bet: nothing to do.
R = UD (4018); S= MD (3907), LD (3797)
Conclusion: US indices are stronger than CAC 40.