CAC 40 - We look to Sell at 5000
|CAC 40 - We look to Sell at 5000 (stop at 5030)
CAC 40 - Although an initial dip was posted, buyers emerged and follow through bullish momentum resulted in all the previous day's losses being overturned. Little net movement overnight. Signals are mixed but remain mildly bearish with an short-term timeframe highlighting an exhaustion count. Further downside is expected and we prefer to set shorts in early trade. Our profit targets will be 4955 and 4935.
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