The at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The forces are getting a bit stronger as weeks pass, as shown by the rounding tops. The long term moving average (200 days) remains decreasing, which highlights the downside underlying trend.
The first steam to break is the ascending (blue). The current price at the CAC40 is high enough to initiate a short position :
- Short @ 4460
- Target @ 4315
- Stop @ 4520 (just above the first resistance)