S&P 500: always bullish

Catégorie [ S & P 500 ]

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 :