Long term: bullish
On a yearly basis, Bollinger bands spread is increasing. The status for TAM tools is a PEI for each one. As long as no NEI will develop on a monthly basis, the rise in progress could extend for some periods.
On a quarterly basis, a bullish no-crossover is in progress with our 7 / 23 quarters moving averages. The pattern in progress is a parallel one.
On a monthly basis, a type II could be the next status.
Idea: rise as long as MM = support
Bet: a PEI could be the next status for MACD.
R = 132.35 (Historical High), + + + ; S = MM (125.91)
Medium term (June 2012contract): wait
On a weekly basis, UW / LW spread is minimal. A PEI could be the next status for our moving averages.
Idea: MACD could be oversold
Bet: with a bear trend for LW, a bullish T1 is likely.
R = UW (131.93) S = MW (130.21)
Short term: a type II could develop
On a daily basis, tonight, a type II could be in hand.
Idea: with a type II, a new Historical high is expected
Bet: UD / LD spread will continue to increase.
R = UW (131.93); S = MD (129.39)
Conclusion: nothing to do this week.