CAC update

Hi,

High volatility turns difficult any reliable forecast. So let's look at the CAC on a very short term perspective.

The index has validated a bullish AB=CD (with a perfect 50% retracement between B and C).
On the same time, watch for a possible bearish harmonic impulse wave pattern on the way with a PRZ at 3069-76. Do not anticipate shorts, wait for reaction on the PRZ. We may be at the beginning of a rally in a bearish market.



see U.
Pj.