Pashabxl

CAC: After the initial correction, a stabilisation before Phase2

INDEX:CAC   CAC 40 Index
56 0 2
CAC has faced a normal correction phase until 4280. At that level, indicators show clearly that we are at an oversold level.
Bare in mind that ECB may be able to announce an ABS with an amount and a timing.
Therefore the second correction phase may slow down. Initialy the first correction was at around 4350 and the second one at 4180.
Because we are at an oversold level, CAC may go up until 4420 or around before proceeding to the second wave of correction. To be watched carefully
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