Too many people are aiming at 6000 on the CAC40, end of patternPattern target reached so far.
Constant records on the PX1GR (CAC40 with reinvested div) and higher relative strength versus the DAX (which compounds reinvestments): I believe the talks about equity risk premium do not hold. MIF2 related issues are way too visible with drying volume and liquidity
Perfect bearish Gartley on French CAC40The chart is the CAC40 with dividends + the futures market prices (8am-22pm sessions). It's like the DAX futures.
We have a perfect bearish Gartley, with a sell signal today at the 78% Fibonacci level.
On the CAC40 index, the lower target (TP3) would be 4840 points.
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Displays a symbol's price movements over previous years to identify recurring trends.