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, the spread for Bollinger bands is above a reference one. A new status could develop for TAM tools.
Idea: rise as long as MM = support
Bet: long term trend will be done next quarter with the new monthly TAM status.
R = 132.35 (Historical High), + + + ; S = MM (125.65)
Medium term (June 2012contract): out
On a weekly basis, a bearish no-crossover is the status for our MACD.
Idea: next month, a bearish pattern could develop
Bet: new bear trend if Bollinger spread increase.
R = MW (129.99) S = LW (127.96)
Short term: decline
On a daily basis, no PEI is in progress with TAM tools.
Idea: lower as long as our MACD is not oversold
Bet: a type I or II could develop.
R = MD (130.76); S = LW (127.96)
Conclusion: nothing to do this week.