Long term:  bearish on a long term basis

On a yearly basis, Bollinger bands are down. A PEI is the status for our 7 / 23 years moving averages. Our stochastic and MACD are overbought. The decline in progress should continue for some periods. 

On a quarterly basis, a bearish A type crossover is in progress.

On a monthly basis; a bearish parallel pattern is always in progress. PM failed as a resistance with M7 up.

Idea: use monthly bearish parallel rules

Bet: towards UM if MM fails as a resistance.

R = MM (86.97), UM (94.98);     S = LM (78.97)

Medium term: rise

 On a weekly basis, Bollinger bands spread is expending. As long as our stochastic is not overbought, the rise in progress will continue.

Idea: no bull pattern with the monthly trend

Bet: MM could be a strong resistance.

R = MM (86.97)        S = MW (82.7)

 Short term: rise

 On a daily basis, UD / LD spread is expending. Without a PEI, no bull trend could be expected.

Idea: long for intraday basis?

Bet:

R = MM (86.97);   S = MD (82.01)

Conclusion: as long as UD / LD spread is not minimal, avoid this market.