Long term: towards LQ?

On a yearly basis: a type II is in progress. LY could continue to decline with a bullish T9. This PEI is the strongest that we know. Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark. But our stochastic is overbought.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought. If MQ fails as a support, LQ is our next objective.

On a monthly basis, UM / LM spread is under the 2005 level and is expending. A bearish no-crossover is the status for our MACD. A type A is the status for our moving averages.

Idea: monthly MACD as a leading indicator

Bet: if UM trend is up in early May, MQ will fail as a support.

R= MM (1654);    S= MQ (1325), PY (818), LQ (716)

Medium term: bearish pre-parallel

On a weekly basis, a bearish parallel is in progress.

Idea: use parallel rules

Bet: bearish for 5 periods or more.

R= PW (1604);   S= see long term analysis (UM trend)

Short term: bearish parallel

On a daily basis, a bearish pre-parallel occurred.

Idea: a type II could be in progress (wait tonight)

Bet: use bearish parallel rules.

R= PD (1535.6);   S= see long term analysis (UM trend)

Conclusion: Many thanks to ATDMF rules.