Cac 40: Long-Pull long tradeCac 40 Long-Pull Long
This index continues to make positive technical moves: the
little continuation pattern that brings the index perfectly
back to the long term dynamic that had acted as resistance
for 10 long years since 2007 highs - it comes back for one last
kiss - right on a line 10 years old - it turns it into support and
fires northwards - classic stuff, even in a big index. And then
for its next bull move it rallies from the long term dynamic to
make a new post crash high and then comes back down to use
the previous major high in 2015 as support - again resistance
has been turned into support. Every big move it makes is
positve. Now it should move up to 5850, consolidate a little
and then rally to 6152. Support is firm at 5261. This index has
890 points upside and 120 maximum downside. If you leave
the stop under 5255 on this trade there is a very low
likelihood of it being hit.
