Long term basis: lower

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 but shrinking. A PEI is in progress with our moving averages and our MACD.

On a monthly basis, a PEI is the status for our moving averages. A bearish trend for some periods is in progress.

Idea: towards 2400

Bet: lower.

R = MM (3517);    S = 2400, – – -.

Medium term: decline / bearish

On a weekly basis, a weak type II is in progress.

Idea: focus on UW and PW trend

Bet: bearish for 3 months or + with a PEI for our stochastic and MACD.

R = MW (3291);               S= -.

Short term: without trend

On a daily basis, UD / LD spread is minimal. A weak bearish no-crossover is the status for our moving averages. LD trend is not bearish.

Idea: no bull trend could develop

Bet: nothing to do as long as a NEI is in progress.

R = UD (3110);     S= MD (3034), LD (2958).