ridethepig | CAC Market Commentary 2020.11.25

TVC:CAC40   CAC 40 Index
πŸ“Œ ridethepig | CAC Market Commentary 2020.11.25

The stem for the ending of a retrace and intentions of a turn...

Breaking down ahead of US elections was strategically important.

This was not a typical personality vote, the motives of Democrats are rather exclusively known and transferring the power here will indeed be revolutionary. Neither side can accept the loss, whether we see this end up in the courts or whether we see Biden with the 'hospital pass'... it is irrelevant for the sake of this conversation because in general sense of the term and it is weighing on global equities including DAX, CAC, FTSE, IBEX, FTSEMIB and etc. Eyes on the highs today, a move down from these levels opens up all sorts of problems for buyers.

Thanks as usual for keeping the feedback coming πŸ‘ or πŸ‘Ž


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