Long term: towards LM is likely

On a quarterly basis, a bullish no-crossover is in progress with our moving averages and our stochastic.

On a monthly basis, LM is our next target.

Idea: bullish as long as MM proves to be a support

Bet: UM / LM spread could be a reference one.

R= MM (95.83), UM (111.96);   S= LM (79.31)

Medium term: weak for some weeks

On a weekly basis, Bollinger bands spread is increasing. A bearish no-crossover is the status for our stochastic. With a NEI on the monthly time frame, no bear trend could develop.

Idea: a type II could develop

Bet: lower for some weeks.

R = MW (101.14);     S = LM (79.31).

Short term: bearish parallel pattern

On a daily basis, a type I is in progress.

Idea: use bearish parallel rules

Bet: lower.

R = MD (95.6);    S= LD (86.3).

Conclusion: hold on short position.