CAC 40 Pivot Points
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The Parisian index fell significantly during the course of the trading session to peak below the uptrend line that has been so important for a while.
The CAC Index fell on Tuesday to slice through the 50-day EMA and go looking towards the uptrend line.
The Parisian index initially tried to rally during the trading session on Thursday but then turned around to fall again.
The CAC Index got hammered on Friday as the jobs numbers from America came in extraordinarily weak.
The Parisian index have initially tried to rally during the trading session on Thursday to reach towards the 6800 level before pulling back.
The CAC did very little on Monday as the markets in general will be very quiet during the last week of August.
The CAC Index did very little on Wednesday as we sit right around the 6700 level, and perhaps even more importantly, the 50-day EMA.
The Parisian index gapped lower to kick off the trading session on Monday, as we are seen a massive amount of negative pressure on indices around the world.
The Parisian index has formed a nasty looking candlestick on Wednesday as we gapped higher, and then fell straightaway to form a bearish and coughing candle.
The CAC Index rallied significantly to kick off the trading session on Friday, breaking above the 6900 level before pulling back to form a shooting star.
The CAC fluctuated during the trading session on Tuesday as it starts to run out of steam just above the 6800 level.
The CAC Index rallied significantly during the trading session on Friday as we continue to see luxury goods do quite well due to the rich becoming richer during the pandemic.
The CAC 40 rallied again during the trading session on Tuesday as the market is above the 6700 level.
The CAC 40 initially pulled back a bit during the trading session on Tuesday but found a little bit of buying pressure to try to reach towards the highs of the last couple of days.
The CAC Index recovered quite drastically during the last several sessions, with Friday closing at the absolute highs.
The CAC Index gapped a little bit higher to kick off the trading session on Tuesday to show signs of positive momentum.
The Parisian index has fallen a bit during the course of the trading session on Thursday as we continue to see quite a bit of risk out there when it comes to the global growth situation
The CAC Index initially pulled back a bit during the trading session on Monday, but then turned around to rally again as most stock indices did.
The Parisian CAC 40 rallied ever so slightly during the trading session on Wednesday, as we hang about above the 6500 level.
The CAC Index fell a bit during the trading session on Monday to kick off the week on the back foot, so it looks as if we are still trying to figure out whether or not the bottom of the ascending channel is going to hold.