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 shrinking. A PEI is in progress with our moving averages.

On a monthly basis, a weak PEI is in progress with our moving averages.

Idea: not bullish as long as our monthly M23 is not up

Bet: nothing to do.

R= MM (3471);    S= LM (2715), 2400, – – -.

Medium term: flat

On a weekly basis, Bollinger bands spread is shrinking. A bearish no-crossover could develop with our moving averages.

Idea: higher as long as our stochastic is not overbought

Bet: moving averages status is the key.

R= MM (3471);               S= MW (3187), LW (2925).

Short term: choppy without trend

On a daily basis, Bollinger spread will stabilize.

Idea: stochastic is our leading indicator

Bet: below MD, LD is our main objective.

R= UD (3334);     S= MD (3197), LD (3061).