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 (3601), MY (3712);    S = PQ (2565)

Medium term: rise

On a weekly basis, without a PEI, the rise in progress is only a technical recovery.

Idea: rise as long as our MACD is not overbought

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

R = MM (3601);               S= MW (3254).

Short term: without trend

On a daily basis, UD / LD spread is not increasing. No PEI is in progress.

Idea:  decline as long as our MACD is not oversold

Bet: towards LD.

R = MD (3494);     S= LD (3381).

Conclusion: end of the medium term recovery if MM acts as a resistance.