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CAC 40 Index

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The French Election Is Going To Trigger The Next Major MoveThe upcomming french election is goint to trigger the next major move at least for all European Stockmarkets. Technical Analysis can not predict in wich direction this move will go. Yesterdays Charts can´t what will happen on Monday April 24th 2017 or on Monday 05/08/ 2017. The result of the France Election will be to powerfull and is going to trigger the next major move for global stockmarkets. Whoever is able to predict the result of the France Election will beat the markets.
TVC:CAC40Long
by SwissView
CAC 40 - Pivotal pointBy closing at 5069.04, the CAC reached its long term down trend and is now at a pivotal point. Using weekly prices, the recent uptrend looks still solid with no sign of regression with any relevant indicators. However, using daily prices, 2 keys indicators, momentum and RSI show a regression synonym of short term weakness which could prevent the index to go through and keep it in the current long term downtrend initiated in Sept 2000 and June 2007. In case of breakout, the CAC the first resistance stands at 5283. On the other hand, a return back to 4929 then 4733 will be on the cards. Anything below the latter would annihilate the current uptrend
INDEX:CAC40
by gbattini_STA