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 next period. A PEI is in progress with our stochastic. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century). 

Idea: a type II should develop

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

 

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type II could develop. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. A PEI is in progress with our MACD. Above 1800 at the close, a new PEI could develop with our stochastic.

On a monthly basis, a type III is in progress.

Idea: towards 5 000 or above as long as no NEI will develop on a monthly basis.

Bet: higher and higher (and nothing else in portfolios)

R = rise > 2 years, +++ (could be above 5 000);    S = PM (1477.9), MM (1377.5)

  

Medium term: type I in progress

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

Idea: use bullish parallel rules

Bet: toppish if PW fail as a support.

 R= historical high, 2 000, +++;   S = PW (1741), MW (1640)

 

Short term:  flat

On a daily basis, UD / LD spread is above a reference one. TAM tools are down..

Idea: MD is our first resistance

Bet: PW is a strong support.

 

R = MD (1821), UD (1891)               S = LD (1751), PW (1741)

 

Conclusion: focus on PW and a Dramatic collapse on stocks indices.