Frederic

CAC40: Correction over?

INDEX:CAC40   CAC 40 Index
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1
Yesterday the index broke through it's 50 day EMA , however because of independence day it opened lower this morning, so it will be interesting to see how index will open next Monday to see if the CAC has really broken through the resistance.
If so I'm going long, and I will target 4550.

Please share your opinion in the comment section.

Comments

Just as likely to retouch the gap then continue down.
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I am looking for a break above the 61.8 & 20d ma or a retest of support to long.
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