CAC40 still in the red YTD. The index has not closed end-of-week above 2016 opening level at 4563.75. A major resistance with very attractive risk-reward ratio.
Price action in 8 forex, stock indices charts might be shaping up Q3 to be market top for the whole of 2016. When viewed against the big picture all of them looks just like retracement. The levels are clear, the confirming price action is clear, just need the trigger to show when.
An overlay of FTSE, DAX and CAC shows that FTSE has recovered losses associated with Brexit while DAX and CAC languish. This may not be indicative of future trend but stock market sees DAX and CAC more pessimistically at moment.
Explaining the choice of FT100 short over DAX30 using the concept of relative strength.
Trade ideas following Paris attack-triggered reaction. Discussion on stocks indices, stock sectors, WTI and as well as NZDCAD. Log-in access required.