CAC: Correction start to be initiated. Target 4320-4050

INDEX:CAC40   CAC 40 Index
CAC has started to initiate the technical correction I have forseen for the last weeks. The process has been slow because of ECB's intervention, the expectation raised before and the political situation in France.
Indicators show clearly that we are in an overbought level and the correction process has started.
Fibo retracement could be used as target and support level . 4466, 4386, 4321, 4250, 4170 and 4050 may very be the next target.
When CAc arrives to each target, we may face a little correction on the upside if the market arrvied at that support level in a oversold situation, but the headline goal appears to remain between 4150 and 4000.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out