CAC40 is ver close to key support area at around 5200. In order to examine lower areas in the short run, we would like to see a break below the 5200 before we get comfortable with the downside. That said, don't forget that the index is still within a rising channel formation, seen on a bigger picture, hence why the potential downside move could be seen as a correction.
If the price travels back above the 5240 level, this is when we target slightly higher levels again.