Early 2021 will be looking for a bearish scenario through a 'W' pattern from current valuation.
CAC40 expecting to retrace down to 5150-5300 for Q1-2020 with a sytong resistance at 5185.
Bullish scenario limited to a maximal scored at 5750-5785 given macro perspective and moribund monetary plans amongst EU members as of 31/12/2020.
MACD+ showing a bearish...
The market is up 24% since the beginning of the month without a consolidation, can we keep going up to reach the hights of 2019 before the COVID19 crisis ? do we need a pause to find new buying levels around daily supports 5463-5343 or 5175-5211, do we need to close gaps 5000-5022 or 4730-4705 ?
Can the hope of recovery from the Pfizer annoncement on 9/11 be...
Europe Markets entering strong bearish momentum.
France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks.
France, Spain, Germany following Italy's state of emergency.
We expect now a lower low of the CAC 40 Index.
At the correction move to 4600, we can start shorting the Index with the...
We are still a long way from getting the double top pattern confirmation but we have an interesting start here, just in case the CAC40 dropped below 5000 points so the trend change will be final.
RSI + Stochastic 2 These indicators indicate more room for declines.
Target: $ 5450