Long term basis: technical recovery

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.

On a quarterly basis, LQ / UQ spread is maximal. Our stochastic could be oversold soon.

On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.

Idea: cannot be bullish with a quarterly M23 trend on the down side

Bet: towards PM if MM fails as a resistance (e.o.p.).

R = MM (3713), MY (3849);    S = PQ (2565)

Medium term: rise

On a weekly basis, a PEI is the status for our stochastic and MACD. A NEI is the status for our monthly time frame.

Idea: rise as long as our MACD is not overbought

Bet: nothing to do (buy US indices not the CAC 40).

R = MM (3713);               S= MW (3236).

Short term: higher?

On a daily basis, UD / LD spread is not increasing. The move in progress is only a technical move without a bullish trend.

Idea:  higher as long as MD = support

Bet: if you want to be long, buy US indices.

R = MM (3713);     S= MD (3471).

Conclusion: technical recovery in progress.