S& P 500: above Historical High is likely

Catégorie [ S & P 500 ]

Long term basis: Above Historic High 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. UY is our main target if 1576 (current high) fails as a resistance.

On a quarterly basis, Bollinger Bands spread is maximal but could increase. A bullish no-crossover is the status for our stochastic and MACD.UQ (1551) is our first target.

On a monthly basis, a bullish no-crossover is the status for each TAM tool. M23 is not flat.

Idea: monthly MACD is our leading indicator

Bet: with a no-crossover status for our monthly stochastic and MACD in early February, 2013 will be a bullish year.

R = 1576, UY (1683), +++;    S = MM (1321)

Weekly basis:  a bullish T1 is expected

On a weekly basis, Bollinger bands spread is a minimal one. With a downtrend for LW, a bullish T1 will develop.

Idea: focus on LW trend (if a close above UW occurs)

Bet: be long only with a T2.

R = UW (1476);    S= MW (1425)

Daily basis: wait

Bollinger spread is above a reference one. With a technical correction towards MD, PEI will develop on TAM tools and Bollinger spread will be lower than a reference one.

Idea: wait for Type II, type I or bullish pre-parallel

Bet: too early to add a new long position.

R= UW (1476);                       S= MD (1437.9)

Conclusion: could be bullish if UW fails as a resistance (weekly close).