Pashabxl

CAC: correction or not correction that is the question

INDEX:CAC   CAC 40 Index
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CAC40 is facing a little correction. It is not a reversal of trend but just a natural correction.
Lagging span is crossing the price, Tenkan Kijun twist has been achieved and needs to be confirmed. The twist has been made outside the Kumo cloud which means that the momentum may be relatively sharp on the down side. But on the long run, CAC is still on the upside. The correction level may be at around 4250 and even lower. but not bellow 4000.
FTSE looks even weaker. Dax is the strongest. But all are heading to close in red this week.
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