I have reconfirmed a short-selling target of the CAC 40 at about 4600. Stop-loss orders could be set above 4700.
First target: ~3450-3500
Second target: ~3050
Please find below a graph (weekly) with some comment's I've made.
It is very important to see how other markets are reacting and to spot any correlation or absence of correlation in order to strengthen/weaken confirmation(s).