CAC40 recovery to pre-Covid level displays a short signal
Updated
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 trend since local ATH .
4H Bollinger widens, expecting volatility to increase first days of 2021.
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Short CAC40 for Q1-2020
. Buy BX4 (leverage CAC40 short x2) @2.05 - 2.25€
. TP @2.40-2.60€
. SL starting below 2.00€ corresponding to CAC40 above 5750pts
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 trend since local ATH .
4H Bollinger widens, expecting volatility to increase first days of 2021.
____________
Short CAC40 for Q1-2020
. Buy BX4 (leverage CAC40 short x2) @2.05 - 2.25€
. TP @2.40-2.60€
. SL starting below 2.00€ corresponding to CAC40 above 5750pts
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