Cac has broken down from the crown formation back in the October, but the 4900 level were holding up as support.
However, things finally started to crack and the prices are breaking down from that level.
I think it is inevitable that the Cac is going to challenge the 4600 consolidation area. That range contains a good half year of price action, which should ...
I will try to find extra cluster of evidences. However emember that 4630-4688 could perhaps somehow block unless these levels are destroyed with high momentum.
I need more confirmation before I know for sure we are entering into my 3rd proprietary cycle. This could lead to a huge downturn to 4200-4250 very quickly.
The bounce in Cac after the big October stock rout has pretty much run out of the energy. It has traded back into the 5080 - 5180 area before the last down leg. Now there is a sign that it might be breaking down from this trading range. However, the break looks lacking conviction and absence of follow through. It is possible that it gains down side momentum during ...
1-2-1-2 give a clue of how much time the rest of the decline may take. The full w3 should unfold before end Aug, the rest should take another month or so.
Looks like all corrections in all indices are over, and we are going to see a market crash in May-June.
The multi-year bear market started end of January this year, but nobody notices. Watch out for a big sell-off over the next couple of months.
Note that EUR and other currencies should fall together with indices and bonds. Crude should follow too.
Monthly : Weakness of the new highs (exhaustion), testing a trendline.
Weekly and daily : New lows, the market is in a PB wave.
Hourly : search for bullish weakness
The CAC 40 (CFD ticker: FRA40) is the benchmark index for the stock market in France. This index represents the top 40 stocks in the Euronext Paris stock market previously called "Bourse de Paris"; the total market capitalization of this index in 2015 was €1.03 Trillion. The Euronext trading hours begin at 9 a.m. and run to 5:35 p.m. CET for the fixing, Monday-Friday. This index was created back in December of 1987 and it started with a base value of 1,000. This index is of much help to investors that want to gain a perspective on how France"s stock market is performing and the economic implications that come along with the performance of this index. France represents one fifth of the total economy of Europe, therefore, it is of great importance to investors to follow the behavior of the French index in order to gain insight of where the European economy is heading. CAC 40 represents stocks from a broad range of sectors, with a total representation of 35 sectors. The sectors in this index range from the tires sector, automobiles, chemicals, cyber security, steel, aerospace, and insurance just to name a few. The CAC 40 is the French equivalent of the DAX 30. The sectors that have the most effect in the index are the pharmaceutical sector with a 10% of the total weight of the index, Banking 10%, and Oil equipment and services with a 9%.
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