CAC40: downfall or rebound?

INDEX:CAC   CAC 40 Index
The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up.

The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective.

The benchmark will head towards 4465, with 4425 as a primary objective, should it breach 4372.79.

The daily Pivot Point is around 4333.17. The daily support levels are around 4289.13 and 4234.53. The daily resistance levels are around 4387.77 and 4431.81.
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