Pashabxl
Short

CAC40: A clear correction signal toward 4450 and even further

INDEX:CAC   CAC 40 Index
58 0 1
CAC40's was on an excessive level. Above 4506             , it is a very illusive and excessive level as far as I am concerned. YOu can clearly see on my previous studies that my headline goal was 4506             . I could have reviewed this level if ECB was clearly announcing a European QE which will not yet be the case.
Having said that, on a purely technical aspect, the index may face a correction towards 4450 and even lower.
The rising wedge pattern is very clear. And the break may come bellow 4480....
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