S&P 500: bullish above 1371 (long term basis)

Long term basis: up

On a yearly basis, Bollinger bands spread is shrinking slowly. Stochastic and MACD are not yet oversold.  As long as PY proves to be a resistance, MY could be an objective.

On a quarterly basis, LQ / UQ spread is maximal but shrinking. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our next target if 1371 (current high) fails as a resistance.

On a monthly basis, Bollinger bands spread is a reference one. The status for our moving averages could be a bullish no-crossover.

Idea: focus on 1371

Bet: towards UM or above.

R = 1371, UM (1406.7);    S = MM (1238)

Medium term: rise

On a weekly basis, a PEI is in progress for each TAM tool. Volatility is above a reference one.

Idea: rise as long as our MACD is not overbought

Bet: a type I could develop.

R = 1371;    S= MW/PW (1257)

Short term: type I

On a daily basis, a bullish parallel is in progress.

Idea: use bullish parallel rules

Bet: towards 1370 or above.

R = 1371;                   S=MD (1331)

Conclusion:  rise as long as MD = support.

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