Long term: flat
On a yearly basis, Bollinger bands spread is minimal. TAM tools are without NEI / PEI.
On a quarterly basis, with a bearish trend for M23, PQ / MQ could act as a resistance.
On a monthly basis, the UM / LM spread will stay flat. TAM tools are up without PEI.
Idea: rise as long as MM= support
Bet: quarterly bearish pre-parallels could develop.
R= PQ (1.6423); S= MM (1.594), LM (1.5374)
Medium term: lower
On a weekly basis, Bollinger spread is a reference one.
Idea: use MACD status as a leading indicator
Bet: MW could fail as a support.
R = UM (1.6268); S = MW (1.5774), LW (1.528).
Short term: decline
On a daily basis, Bollinger spread is a reference one. Weekly time frame is a NEI for daily basis.
Idea: a bearish pre-parallel pattern could develop within three weeks
Bet: towards MW.
R = PD (1.6188); S = MW (1.5774).
Conclusion: lower as long as MD= resistance.