Long term: weak

On a yearly basis, Bollinger bands spread will stay flat. A bearish no-crossover is the status for our moving averages.

On a quarterly basis, our moving averages are down. Stochastic and MACD are oversold. A recovery towards MQ is not ruled out.

On a monthly basis, the UM / LM spread is minimal. Stochastic and MACD will continue to rise. With a NEI on the quarterly time frame, 84.18 (March 2012 high) could be an objective.

Idea: Stochastic as a leading indicator

Bet: above UM without a bullish trend.

R= UM (82.61), 84.18;    S= MM (79.23)

Medium term: higher but not bullish

On a weekly basis, Bollinger spread is a reference one. UM is a NEI.

Idea: weekly MACD is our leading indicator

Bet: higher for some periods.

R = UM (82.61);     S = MW (79.01).

Short term: higher

On a daily basis, UD / LD spread is expending. A PEI is the status for our moving averages.

Idea: daily MACD is our leading indicator

Bet: long (intraday basis).

R =  UM (82.61);        S = MD (80.25).

Conclusion: towards UM or higher.