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CAC40: Blueprints 4.The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level. An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective. An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective. The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
INDEX:CAC40
by ACTIV8X
CAC40: Taking a breath or inverting?The CAC40 is showing signs of weakness, that may be vanquished after the better than expected unemployment report, which was published yesterday. The benchmark will have 4972.7 as an objective, should it breakout 4924.24, especially if the benchmark opens with a bullish gap today. The benchmark will head to 4850.17, should it breakout 4881.05. The daily Pivot Point is around 4900.8. The daily support levels are around 4877.37 and 4857.61. The daily resistance levels 4920.56 and 4943.99.
INDEX:CAC40
by ACTIV8X
CAC40: heading to end the hesitation?The CAC40 closed in a neutral long-legged doji. It is still unable to close below 4673.96. Although, it breached it many times, but buying pressures were keeping it above that level. The benchmark still needs to breakout 4718.88 to go back to 4744.97, which breaching will send it up to 4783.38. Only a breakout of 4642.94 will send it south towards 4580.84, with 4619.87 as a primary objective. The daily Pivot Point 4684.87. The daily support levels are around 4653.17 and 4611.24. The daily resistance levels are around 4726.8 and 4758.5.
INDEX:CAC40
by ACTIV8X
CAC 40 continuation pattern awaiting validation!!CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued losses towards 4932 and potentially 4856. Holding a long view currently as long as 5k holds.
FX:FRA40Long
by Legionnaire
SP500 below 1.000 within April 2016....Looking at the tops of 2000, and 2007, it is interesting to see where we are 06. Nov 2014 in price and time related to these two former tops. Calculating the time from the Sept. 2000 to the October 2007 top, and then extend the 85 bars from 2007 to November 2014. Markets can be due for longer correction. Adding the pitchfork shows the index streched on price. The downmove in 2000 took the SP500 - 48% in 668 days. The downmove in 2007 took the SP500 - 56% in 518 days. If we calculated the shortest move in price and time, markets can end up below 1.000 within March of 2016. Comments?
FX:SPX500Short
by xau.se
12
CAC40. Toward a formation of a double TOPAt the very moment, baring in mind of the timing, the economic outlook, CAC40 is facing a correction as forseen in my previous analysis. We are in a double top formation with the neckline at 4100 and after a pull back, we may be at around 4050-3900. Bellow that level, it would be a change of trend. But there is still cheap money in the market particularECB policy. Therefore, after the end of the double top neckline and pull back movement, we may very much go up again, not until 4600 but at least over 4400 unless ECB is launching the ABS/R-LTRO LEt's wait and see
INDEX:CAC40Short
by Pashabxl
3
CAC40: Still in the correction processAs forseen since Mid June, CAC40 is in a correction process. There is no breaking news in the market, and the summer sell-off continues. Therefore, the correction process may continue until 4100, bellow that leval and in particlar bellow 3850 it is rather a consolidation and a clear reversal of trend rather then a correction. If this happen, ECB would intervene with LTRO and ABS. But we are not there yet. The summer geopolitical activities will stop by mid September and traders should come back in the market with year end target as 4500 and over.
INDEX:CAC40Short
by Pashabxl
2
CAC: After the initial correction, a stabilisation before Phase2CAC has faced a normal correction phase until 4280. At that level, indicators show clearly that we are at an oversold level. Bare in mind that ECB may be able to announce an ABS with an amount and a timing. Therefore the second correction phase may slow down. Initialy the first correction was at around 4350 and the second one at 4180. Because we are at an oversold level, CAC may go up until 4420 or around before proceeding to the second wave of correction. To be watched carefully
INDEX:CAC40
by Pashabxl
CAC: The correction phase will continueI hate to start by saying, "as foreseen in my previous studies....." So for those who are familiar with my daily studies and forecast, here is a little update. CAC is clearly oversold. Therefore we may see a little upward jump but this should not exceed 4510-4515. My Thought is that we may be at around 4480 before the correction continues. Targets are 4360-4200-4105 and 4000. 4360 and 4200 are highly probable. 4105 is most like probable. 4000 is probable. Bellow, although it is still in a correction and not a reversal phase, it may be very much 3900 by September but it is still highly speculative. It must be confirmed by indicators, chart studies and overall by the pace and shape of the correction.
INDEX:CAC40Short
by Pashabxl
CAC: correction or not correction that is the questionCAC40 is facing a little correction. It is not a reversal of trend but just a natural correction. Lagging span is crossing the price, Tenkan Kijun twist has been achieved and needs to be confirmed. The twist has been made outside the Kumo cloud which means that the momentum may be relatively sharp on the down side. But on the long run, CAC is still on the upside. The correction level may be at around 4250 and even lower. but not bellow 4000.
INDEX:CAC40
by Pashabxl
1
SPX-DOWI- DAX _NASDAQ-CAC- SMI SHORT vs VIX LONGHere we are. As forseen for several days, the correction on indexes has been ignited. SPX has started the initiative following by DOWI DAX NASDAQ CAC SMI and tomorrow it will continue with IBEX35. On the other hand, VIX jump up one to a sudden. The midway to the correction may be around 1840-1820. Here we are.... At last....In the mean time those who are selling should put there money somewhere, and you can correct me if I am wrong, but the money will be spread between, those who are seeking for volatilities i.e GOLD WTI, and those who wants to secure there money i.e EUR for a last test towards 1.372. Let's wait and see.
SP:SPXShort
by Pashabxl
1
CAC: Correction start to be initiated. Target 4320-4050CAC has started to initiate the technical correction I have forseen for the last weeks. The process has been slow because of ECB's intervention, the expectation raised before and the political situation in France. Indicators show clearly that we are in an overbought level and the correction process has started. Fibo retracement could be used as target and support level. 4466, 4386, 4321, 4250, 4170 and 4050 may very be the next target. When CAc arrives to each target, we may face a little correction on the upside if the market arrvied at that support level in a oversold situation, but the headline goal appears to remain between 4150 and 4000.
INDEX:CAC40Short
by Pashabxl
CAC: Correction may be imminentCAC had a very classical pattern from a raising channel to correction. This has occured at least three times for the last 18 month. When CAC cannot enter into a raising channel because of lack of momentum, or hesitation from the market, it enter into a trading range channel where you buy at around 4400 and sell at around 4500. But since the ECB expectation and announcement, CAC went to a raising Channel which is appears to be a raising wedge. Therefore, baring in mind the indicators which clearly show an overbought level, we may face a correction may very well go until 4100 if we do consider the overall big picture pattern as a raising wedge as well. But correction level may be, 4400, 4360, 4250, 4150....
INDEX:CAC40
by Pashabxl
CAC40: A clear correction signal toward 4450 and even furtherCAC40's was on an excessive level. Above 4506, it is a very illusive and excessive level as far as I am concerned. YOu can clearly see on my previous studies that my headline goal was 4506. I could have reviewed this level if ECB was clearly announcing a European QE which will not yet be the case. Having said that, on a purely technical aspect, the index may face a correction towards 4450 and even lower. The rising wedge pattern is very clear. And the break may come bellow 4480....
INDEX:CAC40Short
by Pashabxl