Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages. Stochastic is oversold.

On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.

Idea: not bullish as long as our monthly M23 is not up

Bet: higher if 3601 fails as a resistance (end of period).

R= 3600.8 (March 2012 high), MQ (3647);    S= LM (2761)

Medium term: below MW?

On a weekly basis, a bearish no-crossover is the status for our stochastic and MACD.

Idea: below MW, LW is our main objective

Bet: lower as long as our weekly stochastic is not oversold.

R= PW (3578.5);               S= MW / LD (3343), LW (3046).

Short term: trading range?

On a daily basis, UD / LD spread is a reference one. No PEI could develop with TAM tools.

Idea: stochastic is our leading indicator

Bet: towards LD or lower.

R= MD (3433);     S= LD (3342).

Conclusion: towards LW if our daily stochastic is not oversold on the LD level.

 

 

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages. Stochastic and MACD are oversold.

On a monthly basis; for M23, the trend is bearish. Our stochastic and MACD are oversold. PM could be the main resistance.

Idea: not bullish as long as our monthly M23 is not up

Bet: higher if 3601 fails as a resistance (end of period).

R= 3600.8 (March 2012 high), MQ (3649);    S= LM (2763)

Medium term: towards UW / MQ?

On a weekly basis, as long as M23 is up, MW could act as a support. Above PW, UW is our next resistance.

Idea: warning with a bearish no-crossover for our stochastic and MACD

Bet: MACD is our leading indicator.

R= PW (3583.2), UW (3648.5);               S= MW (3323.7).

Short term: higher?

On a daily basis, UD / LD spread is a reference one. No PEI could develop with TAM tools.

Idea: stochastic is our leading indicator

Bet: towards MD if LD trend is flat.

R= PW (3583.2);     S= MD (3439).

Conclusion: higher as long as MD= support.

Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages.

On a monthly basis, M23 is in a down trend. Our stochastic and MACD are oversold.

Idea: not bullish as long as our monthly M23 is not up

Bet: nothing to do.

R= MM (3477.3 e.o.p.), 3600.8 (March 2012 high), MQ (3756);    S= LM (2725.6), 2400, – – -.

Medium term: rise

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

Idea: rise as long as our stochastic is not overbought.

Bet: nothing to do.

R= MM (3477.3 e.o.p);               S= MW (3191).

Short term: MACD as a leading indicator

On a daily basis, our MACD is overbought.

Idea: daily MACD is our leading indicator

Bet: below MD, LD is our next target.

R= UD (3557);     S= MD (3406), LD (3255).

Cobclusion: nothing to do.

Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages.

On a monthly basis, a weak PEI is in progress with our moving averages.

Idea: not bullish as long as our monthly M23 is not up

Bet: nothing to do.

R= MM (3471);    S= LM (2715), 2400, – – -.

Medium term: flat

On a weekly basis, Bollinger bands spread is shrinking. A bearish no-crossover could develop with our moving averages.

Idea: higher as long as our stochastic is not overbought

Bet: moving averages status is the key.

R= MM (3471);               S= MW (3187), LW (2925).

Short term: choppy without trend

On a daily basis, Bollinger spread will stabilize.

Idea: stochastic is our leading indicator

Bet: below MD, LD is our main objective.

R= UD (3334);     S= MD (3197), LD (3061).

Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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. A PEI is in progress with our moving averages.

On a monthly basis, no PEI or NEI is in progress.

Idea: not bullish as long as our monthly M23 is not up

Bet: nothing to do.

R= MM (3495);    S= LM (2729), 2400, – – -.

Medium term: flat

On a weekly basis, Bollinger bands spread is shrinking. A bearish no-crossover could develop with our moving averages.

Idea: higher as long as our stochastic is not overbought

Bet: moving averages status is the key.

R= MM (3495), UW (3503);               S= LW (2893).

Short term: choppy without trend

On a daily basis, Bollinger spread is above a reference one.

Idea: towards UD if PD fails as a resistance

Bet: UD is our main resistance.

R= PD (3220), UD (3284);     S= MD (3182), LD (3080).

Long term basis: lower

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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 maximal but shrinking. A PEI is in progress with our moving averages and our MACD.

On a monthly basis, a PEI is the status for our moving averages. A bearish trend for some periods is in progress.

Idea: towards 2400

Bet: lower.

R = MM (3517);    S = 2400, – – -.

Medium term: decline / bearish

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

Idea: focus on UW and PW trend

Bet: bearish for 3 months or + with a PEI for our stochastic and MACD.

R = MW (3291);               S= -.

Short term: without trend

On a daily basis, UD / LD spread is minimal. A weak bearish no-crossover is the status for our moving averages. LD trend is not bearish.

Idea: no bull trend could develop

Bet: nothing to do as long as a NEI is in progress.

R = UD (3110);     S= MD (3034), LD (2958).

Long term basis: technical recovery

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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 maximal but shrinking. TAM tools will stay weak for two periods or more.

On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.

Idea: cannot be bullish

Bet: MM is a strong resistance.

R = MM (3585);    S = LM (2874)

Medium term: trading range

On a weekly basis, no PEI or NEI could develop with TAM tools.

Idea: weak as long as our stochastic is not oversold

Bet: towards LW as long as MW (e.o.p) acts as a resistance.

R = MW (3311), UW (3610);               S= LW (3011).

Short term: weak

On a daily basis, a weak bearish no-crossover is the status of our moving averages.

Idea:  MD will act as a resistance

Bet: bearish pre-parallel

R = MD (3494);     S= LD (3081).

Position: lower if MD (e.o.p) acts as a resistance.

Long term basis: technical recovery

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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 maximal. Our stochastic could be oversold next period. A NEI will continue to be the status for our moving averages.

On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.

Idea: cannot be bullish

Bet: towards PM if MM fails as a resistance (e.o.p.).

R = MM (3600), MY (3712);    S = LM (2904), PQ (2565)

Medium term: rise?

On a weekly basis, without a PEI, the rise in progress is only a technical recovery.

Idea: rise as long as our MACD is not overbought

Bet: towards LW if MW fails as a support.

R = MM (3600);               S= MW (3270), LW (2894).

Short term: decline?

On a daily basis, UD / LD spread is a reference one. No PEI is in progress.

Idea:  decline as long as our MACD is not oversold

Bet: towards MW.

R = MD (3494);     S= LD (3378), MW (3270).

Conclusion: end of the medium term recovery if MW fails as a support.

Long term basis: technical recovery

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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 maximal. Our stochastic could be oversold soon.

On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.

Idea: cannot be bullish with a quarterly M23 trend on the down side

Bet: towards PM if MM fails as a resistance (e.o.p.).

R = MM (3601), MY (3712);    S = PQ (2565)

Medium term: rise

On a weekly basis, without a PEI, the rise in progress is only a technical recovery.

Idea: rise as long as our MACD is not overbought

Bet: nothing to do (buy US indices not CAC 40).

R = MM (3601);               S= MW (3254).

Short term: without trend

On a daily basis, UD / LD spread is not increasing. No PEI is in progress.

Idea:  decline as long as our MACD is not oversold

Bet: towards LD.

R = MD (3494);     S= LD (3381).

Conclusion: end of the medium term recovery if MM acts as a resistance.

Long term basis: technical recovery

On a yearly basis, stochastic and MACD could continue to be overbought for two periods or more. 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 maximal. Our stochastic could be oversold soon.

On a monthly basis, with a NEI as a status for our moving averages, a bullish trend is impossible.

Idea: cannot be bullish with a quarterly M23 trend on the down side

Bet: towards PM if MM fails as a resistance (e.o.p.).

R = MM (3713), MY (3849);    S = PQ (2565)

Medium term: rise

On a weekly basis, a PEI is the status for our stochastic and MACD. A NEI is the status for our monthly time frame.

Idea: rise as long as our MACD is not overbought

Bet: nothing to do (buy US indices not the CAC 40).

R = MM (3713);               S= MW (3236).

Short term: higher?

On a daily basis, UD / LD spread is not increasing. The move in progress is only a technical move without a bullish trend.

Idea:  higher as long as MD = support

Bet: if you want to be long, buy US indices.

R = MM (3713);     S= MD (3471).

Conclusion: technical recovery in progress.