S&P 500: rise as long as MD = support

Long term basis: toppish

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

On a quarterly basis, LQ / UQ spread is maximal. A bullish no-crossover is in progress with our stochastic and our MACD. UQ is our next target if 1370 (current high) fails as a resistance.

On a monthly basis, Bollinger bands spread is a reference one. The status for our stochastic and MACD could be a bearish no-crossover.

Idea: towards LM if MM fails as a support

Bet: none.

R = PM (1331.7), UM (1399);    S = MM (1223), LM (1047)

Medium term: rise

On a weekly basis, a PEI is in progress for each TAM tool. UW / LW spread is above a reference one.

Idea: UW = resistance and MW = support

Bet: none.

R = UW (1305);    S= MW (1218)

Short term: rise

On a daily basis, UD / LD spread is above a reference one. A PEI is the status for each TAM tool. A bullish trend without T2 could develop.

Idea: a bullish pre-parallel pattern is not ruled out

Bet: higher.

R = PM (1331);                   S=MD (1257)

Conclusion:  rise as long as MD = support.

Laisser un commentaire

Votre adresse de messagerie ne sera pas publiée. Les champs obligatoires sont indiqués avec *