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CAC 40 CFD

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.
OANDA:FR40EURShort
by TheRealPeaches
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…
INDEX:CAC40
by Cincinnatuus
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