Long term: higher

On a yearly basis: a type II will be the status at the end of the period. Next year, LY should continue to decline (9 periods). Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress.

On a monthly basis, the bullish parallel pattern is over since May 2012.

Idea: use the monthly MACD as a leading indicator

Bet:  a technical correction is not ruled out for some months.

R= UM (1828);    S= MM (1638.7), PQ (1527.1)

Medium term: rise

On a weekly basis, a rise developed with a NEI on the monthly time frame.

Idea: use our weekly MACD as a leading indicator

Bet: next stochastic status will give the next trend.

R= UM (1828);   S= MW (1653.4)

Short term: end of bullish parallels

On a daily basis, with a close below MD, the parallel will be over. LD is our first support.

Idea: weekly TAM tools are up: no bear trend could develop.

Bet:  trading range for some weeks or bearish pre-parallels.

R= MD (1768.7), UD (1792);   S= LD (1745.5)

Conclusion: below MD (at the close), LD is our next objective.

Long term: higher

On a yearly basis: a type II will be the status at the end of the period. Next year, LY should continue to decline (9 periods). Expect to use Dow Jones 1980 / 2000 bull trend as a benchmark.

On a quarterly basis, a bullish parallel pattern is in progress.

On a monthly basis, the bullish parallel pattern is over since May 2012.

Idea: use the monthly stochastic as a leading indicator

Bet:  a technical correction is not ruled out for some months.

R= UM (1819.4);    S= MM (1616.4), PQ (1474.8)

Medium term: rise

On a weekly basis, UW / LW spread is increasing with a NEI on the monthly time frame.

Idea: use our weekly MACD as a leading indicator

Bet: nothing to do.

R= UM (1819.4);   S= MW (1611.8)

Short term: bullish (for intraday trading only)

On a daily basis, a NEI is the status for volatility and a PEI is the status for our MACD.

Idea:  use our MACD as a leading indicator

Bet:  higher.

R= UD (1702.4);   S= MD (1641.8)

Conclusion: higher as long as our daily MACD is not overbought.

Position: previous: long on a daily basis (PEI status for our MACD), in progress: long, next: use daily MACD as a leading indicator.

Yearly trend: in 2012 /2013, qualification into a new bullish parallel pattern?

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of 2012 and nine periods of bear trend for LY could be in hand at the end of 2013. On a global Historical basis, could be one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark at the end of 2013.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A weak type I is in progress. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

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

Idea: lower as long as our monthly stochastic is not oversold

Bet: towards LM if Dec. low (1522) fails as a support.

R= UM (1835);    S= 1522, 1500, LM (1317)

Medium term: trading range

On a weekly basis, UW / LW spread is maximal for a reference one. No PEI / NEI is in progress.

Idea: M23 trend will give the medium term trend

Bet: with a bearish no-crossover for our MACD a collapse could develop.

R= MW (1656.6);   S= 1522.

Short term: trading range

On a daily basis, UD / LD spread is above a reference one.

Idea: UD should be a resistance and LD should be a support

Bet: UD / LD spread will shrink.

R= UD (1627.5);   S= MD (1581.4), LD (1536.2).

Conclusion: focus on weekly M23 trend.

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of 2012. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I is in progress. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress but the status for our stochastic and the MACD is a NEI.

Idea: towards MQ if MM fails as a support

Bet: with the current SAR status, MM is our main target.

R= rise > 2 years, +++ (could be above 5 000);    S= PQ (1389.7), MM (1548.4), MQ (1172)

Medium term: weak

On a weekly basis, UW / LW spread is a reference one. No bullish PEI is in progress.

Idea: towards LW as long as MW = resistance

Bet: MACD status as a reference.

R= MW (1675), UW (1779);   S= LW (157M).

Short term: trading range

On a daily basis, our stochastic and MACD are oversold and M23 trend is down.

Idea: UD is our first resistance

Bet: higher as long as our MACD is not overbought.

R= MD (1655), UD (1685);   S= LD (1624).

Conclusion: trading range on a medium term basis.

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of 2012. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I could develop at the end of March 2012. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress but the status for our MACD is a NEI.

Idea: towards LM if MM fails as a support

Bet: a NEI could be the status for our monthly stochastic

R = rise > 2 years, +++ (could be above 5 000);    S = MM (1503.2), MQ (1122.8), LM (1151)

Medium term: technical recovery

On a weekly basis, UW / LW spread is above a reference one.

Idea: towards LW with an overbought status for our MACD

Bet: below MW is not ruled out.

R= UW (1793.6);   S = MW (1682.6), LW (1571.6).

Short term: towards LD?

On a daily basis, a PEI is in progress with our stochastic.

Idea: LD as a target if MD fails as a support

Bet: below MD.

R = UD (1774.3);   S = MD (1712.3), LD (1650.4).

Conclusion: a decline towards LW could develop.

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of 2012. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I could develop at the end of March 2012. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress.

Idea: focus on MM.

Bet: towards 5 000 or above as long as no NEI will develop on a monthly basis.

R = rise > 2 years, +++ (could be above 5 000);    S = MM (1503.4), MQ (1122.9)

Medium term: toppish until the end of February

On a weekly basis, UW and LW trend could be flat for some weeks. No PEI / NEI is in progress.

Idea: focus on M7 trend

Bet: UW is our main resistance.

R= UW (1790.4);   S = MW (1677), LW (1563.6)

Short term: decline

On a daily basis, no PEI is in progress on TAM tools. A NEI is in progress on the weekly time frame.

Idea: below MD, LD is our next objective

Bet: MACD will be overbought for two weeks.

R = UD (1770.5);   S = MD (1691.2), LD (1611.8).

Conclusion: bullish on a long term basis.

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of 2013. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I could develop at the end of March 2012. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress.

Idea: focus on MM.

Bet: towards 5 000 or above as long as no NEI will develop on a monthly basis.

R = rise > 2 years, +++ (could be above 5 000);    S = MM (1478.4), MQ (1122.8)

Medium term: technical recovery

On a weekly basis, UW / LW spread is shrinking. No PEI is in progress.

Idea: focus on PW trend

Bet: UW is our main objective.

R= UW (1787.5);   S = MW (1675.8), LW (1564.1)

Short term: higher

On a daily basis, no PEI is in progress on TAM tools. A NEI is in progress on the weekly time frame.

Idea: rise as long as our MACD is not overbought

Bet: towards UW.

R = UW (1787.5);   S = MD (1661.3).

Conclusion: bullish on a long term basis.

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. A type II is expected at the end of the current period. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century).

Idea: focus on LY trend

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I could develop. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013.

On a monthly basis, a bullish parallel pattern is in progress.

Idea: focus on MM.

Bet: towards 5 000 or above as long as no NEI will develop on a monthly basis.

R = rise > 2 years, +++ (could be above 5 000);    S = MM (1474.6), MQ (1118)

Medium term: weak

On a weekly basis, a PEI is the status for MACD.

Idea: focus on PW trend

Bet: nothing to do.

R= MW (1695), PW (1733);   S = 1522.66 (Current low)

Short term: trading range

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

Idea: UD = resistance

Bet: technical recovery.

R = UD (1636)               S = MD (1596), LD (1555).

Conclusion: weak for some weeks.

 

Yearly trend: in 2012 /2013, qualification in a new bullish parallel pattern

On a yearly basis, a bullish parallel pattern is in progress with a strong dynamic for LY. PY will cross MY next period. On a global Historical basis, one of the most bullish pattern ever seen (since the end of XIX century). 

Idea: a type II should develop

Bet: S&P 500 rise in the 1986 / 2000 as a benchmark.

 

Long term: bullish parallel on a quarterly basis

On a quarterly basis, the pattern is a bullish parallel one. A type I could develop. The dynamic for our 7 / 23 quarters moving averages is strong and continue thru 2013. A PEI is in progress with our MACD. On a monthly basis, a type III is in progress.

Idea: focus on monthly MACD (no-crossover / overbought)

Bet: towards 5 000 or above as long as no NEI will develop on a monthly basis.

R = rise > 2 years, +++ (could be above 5 000);    S = PM (1532.8), MM (1398.7)

  

 Medium term: lower

On a weekly basis, UW / LW spread is maximal. Stochastic and MACD are overbought. A bearish A type crossover will develop.

Idea: towards LW is expected

Bet: weak as long as our stochastic is not oversold.

 R= UD (1687.5);   S = PM (1532.8), LW (1441.7)

 

Short term: Bollinger spread is minimal

On a daily basis, a NEI on the weekly time frame is in progress. No strong move could develop.

Idea: trading range

Bet: nothing to do.

 

R = UD (1687.5)               S = LD (1607.7)

 

Conclusion: wait for a minimal spread on weekly Bollinger bands (early next year).