Long term: a technical correction is not ruled out

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.

On a quarterly basis, a bullish parallel pattern is in progress. A bearish no-crossover is in progress with our stochastic. MACD is overbought.

On a monthly basis, a bearish no-crossover is the status of our MACD. A bullish no-crossover is the status of our moving averages.

Idea: end of the bull trend if MQ fails as a support

Bet:  LM is our main support.

R= UM (1787);    S= PQ (1555), MQ (1301)

Medium term: weak

On a weekly basis, Bollinger Bands spread is a reference one. TAM tools will stay weak for some periods.

Idea: use our MACD as a leading indicator

Bet: weak as long as MW= resistance.

R= MW (1703);   S= LW (1627), LM (1560)

Short term: lower

On a daily basis, Bollinger bands spread is minimal. No PEI is in progress with TAM tools.

Idea: use our MACD as a leading indicator

Bet: nothing to do.

R= MD (1674);   S= LW (1627)

Conclusion: lower without a bearish pattern.