albert.callisto

CAC40 - Waiting for 4500-20

FX:FRA40   CAC 40 Index
56 0 5
Price is in its daily cloud, so theoretically neutral but some signs are on the bullish side, though it will take some time to have stronger signals. Lagging span hit some resistance and an oblique trend line , it is stuck against them and below it, price + Kijun form a good support. The lagging span may choose to avoid these crowded areas and head towards the thinner cloud area or it could slide against the oblique trend. Due to market indecision before ECB breaking news, we could see a ranging phase with a price staying well hidden in its cloud.
Comment: CAC40, neutral. LS sliding on the R/S level
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