CAC
Going against the current trend: Long 4580 and 4628 European markets are in another cycle compared to the US. A true pullback is getting more and more possible in a few European markets in spite of what's currentky going on in my opinion. It is possible that January becomes bullish before the bigger picture (potential bearish 2019 trend) takes over. Of course, I could be wrong and the markets could well collapse right away. The breakaway gaps also speak volume.
Potential huge cluster of buyers at 4260 (End of "cycle III")By then, there could be some sharp countertrend rallies. More analyses and price discoveries will have to be made as the tape unrolls.
Weak rally on low volume, I have a short bias (volatility trade)Until invalidation (see other charts). Beware of US markets testing/breaking their support around the FOMC date
Potentially a channel on the CAC40 as wellXmas Rally finally on? Or Shorting the pullback? Let the US decide
Updated target: Short the CAC until 4527I will try to find extra cluster of evidences. However emember that 4630-4688 could perhaps somehow block unless these levels are destroyed with high momentum.
Cac 40 Short approachWe reached a current top for the cac 40, lower then the 2 before. Distribution top leading to a bearish retracement. Unfavorable markets context.
What are your thoughts ?
Kick The CACThe French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area.
While pundits claim the US stock market rally, it is far more prudent to short markets that are seeing material capital outflows, especially in failed states such as France.
Bounce on the CAC - H4 chartLook at the gap for stop loss and pivot point for first target. Black Line step is for SAR D1 time frame.
Short term : Neutral
Long term : Long
Viva Le France!Was able to find historical data for the French CAC 40 stock market going back to 1990. The price action going into 2000 is clearly impulsive and the French market has been tracing out a triangle pattern since. The European Central Bank will probably perpetrate another money printing explosion, after the coming market sell-off, to fuel another run up to all time highs in the mid-20’s. As I’ve seen time after time in these Socialist countries, the success of the people and businesses is belabored under the weight of Big Government, Heavy Taxes paying for social programs, and excess fiat money printing…
matrice scalp cac intradayon ira de zone en zone la zone des 5350 serra à sell en cas d'avelment baissier 2 minutes sur le cac cet après midi pour aller chercher les 5308
cac40 sell i m selling cac 40 to reach 5000 at 5000 i will buy
now cac go down and go reach 5300 FIRST
CAC Sell IdeaCAC Sell Idea @Weekly Demand Zone (5538.92 - 5662.43)
Sell Limit: 5538.15
Stop Loss: 5668.90
Take Profit: 5352.02
Risk Management = 0.01/$100
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
CAC Buy IdeaCAC Buy Idea @Weekly Demand Zone (5538.92 - 5662.43)
Buy Limit: 5538.15
Stop Loss: 5668.90
Take Profit: 5352.02
Risk Management = 0.01/$100
Close partially the contract once it reaches 50% of profit, Move stop loss over the entry level
Close partially the contract once it reaches 80% of the profit
CAC in the black list?CAC I do not trade this but is weird to hear a phone call from an old colleague of a French bank, but indeed this is not a call.
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