Archives pour la catégorie Indices

CAC 40 : potentiel à la hausse

 

Notre précédente prévision sur le CAC (cf l’article du 11/03/2015 ) développée au Salon de l’analyse technique reste d’actualité.

Deux niveaux à surveiller : MD ( 5133 le 21/04) et PD (5266.8 le 21/04).

Tant que MD sert de support en clôture le test de PY (5349.8) reste notre priorité. Une fois ce niveau dépassé, UY (6003.2) l’objectif suivant devrait être testé rapidement. 6944 sera envisageable par la suite.

Si MD ne tient pas, LD (4966 le 21/04) sera un support puissant.

CAC 40: focus on monthly MACD

Long term basis: not yet bullish

On a yearly basis, stochastic and MACD could continue to be overbought. As long as MY (end of period) proves to be a resistance, the main trend is not bullish.

On a quarterly basis, LQ / UQ spread is shrinking. Our stochastic and MACD are oversold. Our moving averages trend is not bullish.

On a monthly basis, a type B is the status for our moving averages.

Idea: with an overbought status for our monthly MACD a bearish no-crossover could be the next status for our quarterly moving averages

Bet: MM will fail as a support if the next status for our monthly MACD is overbought.

R= UM (3980);    S= MM (3454), LM (2928)

Medium term: lower for 3 weeks or more

On a weekly basis, Bollinger bands spread is a reference one.

Idea: LW is our first support

Bet: with an uptrend for UW, MM could be an objective.

R= MW (3799);               S= LW (3583), MM (3454).

Short term: lower

On a daily basis, TAM tools are bearish.

Idea: use our MACD as a leading indicator

Bet: towards LW or below.

R= MD (3868);     S= LW (3583)

Conclusion: focus on monthly MACD.

S&P 500: always bullish

Long term basis: Bullish as long as monthly MACD is not overbought

On a yearly basis, PY failed as a resistance. Stochastic is oversold. Our moving averages could continue to rise.

On a quarterly basis, Bollinger Bands spread is maximal but continue to increase. A bullish no-crossover is the status for our stochastic and MACD.

On a monthly basis, a bullish no-crossover is the status for each TAM tool. A type II is in progress.

Idea: use monthly parallel rules

Bet: bullish

R = monthly MACD overbought;    S = MM (1398)

 

Weekly basis:  bullish

On a weekly basis, a bullish type II is in progress.

Idea: use parallels rules

Bet: bullish for some weeks.

 

R = weekly MACD overbought;    S= MW (1528)

 

Daily basis: a type II could develop

On a daily basis, Bollinger bands are expending. If a PEI is the next status for our stochastic, a strong up move will develop.

Idea: focus on our daily stochastic

Bet: a decline will be a technical one as long as MD= support. .

R= daily MACD overbought;                       S= MD (1586)

Conclusion: bullish on a long term basis.

and don’t forget :

CAC 40: weak, but focus on gold next Tuesday (money management)

Long term basis: not yet bullish

On a yearly basis, stochastic and MACD could continue to be overbought. The rise in progress is only a technical recovery.

On a quarterly basis, LQ / UQ spread is shrinking. Our stochastic and MACD are oversold. Our moving averages are neutral.

On a monthly basis, a type B is the status for our moving averages.

Idea: monthly stochastic is our leading indicator

Bet: UM is a strong resistance (end of period).

R= UM (3661), 4169 (Feb 2011 high);    S= MM (3373)

Medium term: weak

On a weekly basis, our stochastic and MACD are overbought.

Idea: MACD is our leading indicator

Bet: towards LW if PW fails as a support.

R= UW (3862);               S= PW (3646), LW (3519).

Short term: lower

On a daily basis, UD / LD spread is a reference one. A PEI is the status for our MACD.

Idea: use our MACD as a leading indicator

Bet: too early for a sell-off

R= MW (3792);     S= PW (3646)

Conclusion: As long as PD proves to be a resistance, PW could fail as a support.

Warning: see (one more time)  03/04 article and atdmfcahen@yahoo.fr for explanations

Nasdaq 100 is toppish (not bullish as S&P 500)

Long term: focus on the quarterly basis.

On a yearly basis, our stochastic and MACD are oversold. Our 7 / 23 years moving averages are up with a PEI. UY is our first resistance.

On a quarterly basis, a type II will be in progress if LQ trend is down at the end of March. Otherwise, a bearish divergence is likely for our stochastic.

On a monthly basis, a type III is not in progress (NEI with monthly MACD).

Idea: use monthly parallel rules

Bet: bullish as long as MM= support.

R= UM (2958), S= MM (2581), LM (2163).

Medium term: rise but not bullish

On a weekly basis, UW / LW spread is expending. A PEI is the status for our stochastic and MACD. A NEI is in progress with our moving averages and on the upper time frame.

Idea: use our weekly MACD as a leading indicator

Bet: choppy.

R= UW (2830);     S=MW (2696).

Daily basis: higher

A bullish no-crossover is the status of our stochastic and MACD.  A NEI is in progress on the upper time frame.

Idea: use our daily MACD as a leading indicator

Bet: wait.

R= UW (2831);     S= MD (2765)

Conclusion: higher, on a medium term basis, as long as MW= support.

Nikkeï 225: higher

Long term basis: not yet bullish

On a yearly basis, TAM tools are not up.

On a quarterly basis, LQ / UQ spread is shrinking. A bullish no-crossover is the status for our stochastic but MQ trend is bearish.

On a monthly basis, Bollinger bands spread is a reference one. A NEI is in progress on the upper time frame.

Idea: monthly MACD is our leading indicator

Bet: UQ as a first resistance.

R= UQ (12332);    S= MQ (9904)

Medium term: bullish

On a weekly basis, T12 was in progress with a bearish trend for LW.

Idea: use bullish parallel rules

Bet: towards UQ is expected.

R= UQ (12332);               S= PW (11016).

Short term: bullish without pattern

On a daily basis, no PEI is in progress with TAM tools..

Idea: use our MACD as a leading indicator

Bet: towards UQ.

R= UQ (12332);     S= MD (11466).

Conclusion: bullish on a medium term basis.

Nikkei 225: higher

Long term basis: not yet bullish

On a yearly basis, TAM tools are not up.

On a quarterly basis, LQ / UQ spread is shrinking. A bullish no-crossover is the status for our stochastic but MQ trend is bearish.

On a monthly basis, Bollinger bands spread is a reference one. A NEI is in progress on the upper time frame.

Idea: monthly MACD is our leading indicator

Bet: UQ as a first resistance.

R= UQ (12265);    S= M (9883)

Medium term: bullish

On a weekly basis, T12 was in progress with a bearish trend for LW.

Idea: use bullish parallel rules

Bet: towards UQ is expected.

R= UQ (12265);               S= PW (10489).

Short term: bullish

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

Idea: use our bullish parallel rules

Bet: higher.

R= UQ (12265);     S= MD (11016).

Conclusion: towards UQ or above.