ACTIV8X

CAC40: Taking a breath or taking off?

INDEX:CAC   CAC 40 Index
Although, the CAC40 closed yesterday in the green, it still in need of a bullish gap at the opening tomorrow to fully reject the shooting star pattern, which was supposed to be validated yesterday by a bearish candle.

A bullish gap will send the benchmark up towards with 4731.65 as a primary objective.

A bearish gap, will bring back the shooting star pattern, which will send the benchmark south with 4620.14 as a primary objective.

The daily Pivot Point is around 4669. The daily support levels 4650.82 and 4625.73. The daily resistance level is around 4694.09 and 4712.27.
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