ACTIV8X

CAC40 : Break through signal on the way or back to 4501?

INDEX:CAC   CAC 40 Index
As expected the CAC40 re -tested 4675.92 today. It did so after forming a huge bullish gap at the opening. The Tunnel is still valid, The triangle figure as well. The invalidation level of both of those figures is 4501, which is a bit far right now.
The pursuit of the rally will lead the benchmark towards 4846.92 with 4783.38 as a primary objective. However, if the benchmark was able to close the gap formed yesterday we will be
probably heading towards 4501.

The benchmark's daily Pivot Point is around 4686.84. The daily support levels are around 4640.63 and 4616.67. The daily resistance levels are around 4710.8 and 4757.01.
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