CAC40 France is looking parfait for upside to 8,645Another Index ready to rumble is way up again.
The sideways chop has broken above and we are seeing more signs of strength for the bulls on major international markets.
UNless this is all a dead cat bounce, the analyses right now are poised for upside.
Here are some fundamentals.
📉 Trade Tensions Ease
U.S.-China tariff cuts lift global markets — CAC 40 joins the rally.
🏗️ Europe Builds Big
New EU infrastructure spending boosts industrial stocks in France.
🏦 Banks & Industry Up
French banks and factories post strong earnings and drive gains.
💶 ECB May Cut Rates
Rate cut hopes make stocks like CAC 40 more attractive.
🛍️ Luxury Demand Surges
LVMH and other French luxury brands benefit from global spending.
ANd let's tackle the technicals.
Cup and handle
Price>20 and 200MA
Target 8,645
Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
