CAC40 - At a Critical Long Term Inflection Point!!

INDEX:CAC   CAC 40 Index
Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster , LT             T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count on the chart suggests that this is an ideal end of wave target for a Wave C of B (Cycle degree). Definitely one to watch as the DAX             (another major beneficiary of QE ) is looking to be completing a Wave 5 of C count as well.
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
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder 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