Cac 40 Long-Pull Long This index continues to make positive technical moves: the little continuation pattern that brings the index perfectly back to the long term dynamic that had acted as resistance for 10 long years since 2007 highs - it comes back for one last kiss - right on a line 10 years old - it turns it into support and fires northwards - classic stuff, even in a big index. And then for its next bull move it rallies from the long term dynamic to make a new post crash high and then comes back down to use the previous major high in 2015 as support - again resistance has been turned into support. Every big move it makes is positve. Now it should move up to 5850, consolidate a little and then rally to 6152. Support is firm at 5261. This index has 890 points upside and 120 maximum downside. If you leave the stop under 5255 on this trade there is a very low likelihood of it being hit.
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