CAC 40 Index has been engaging in a long term down trend since its all time TOP at Sept 2000.It made a lower high on June 2007.
The downtrend resistance line will be completely Valid if the price make another leg of internal high around 5100 depend on the time
From MACD point of view, i would love to see a divergence while CAC 40 make another higher high against the current high for me to go short fully in the near future