Fourth consecutive session of decline for a consolidation that continues at the Paris stock exchange, but also loses in intensity, with a second consecutive decline limited in volume declined. The main media mentioned a few days are always good also, not being touched upon (unless our paths are not very precise) before generating the moment every time a strong reaction.
But the ACC is also always headed by a small downward resistance that we have outlined in red, and as long as it is not broken, keep the market under pressure. We should not too late to be fixed, knowing that the triangle in which now operates the Paris market is reduced to a trickle.
But the ACC is also always headed by a small downward resistance that we have outlined in red, and as long as it is not broken, keep the market under pressure. We should not too late to be fixed, knowing that the triangle in which now operates the Paris market is reduced to a trickle.
With a resistance of 3135 red tomorrow, stand at the Purple 3100 (approximately), and a dark green 3080/3085 support when needed, this gives us at most an amplitude of about fifty points. If not tomorrow, probably tomorrow the market will find a way out. Remains to be seen in what direction.
As it stands, between the output of the channel upward violet, the presence of the bullish channel green and what appears to be a pull back on the oblique violet after the second test of 3245, our analysis thus gives a more likely to top out. An analysis will also in the direction of the trend given by the U.S. indices.
But they may also need to consolidate in turn. The low volumes in recent weeks should also prompt us to relativize the upward movement that has developed since mid-December. It is therefore to be cautious before clear signs that will enable us to decide on changes that will take the ACC in the coming hours and days.
On the upside, the crossing of 3135 would be a first positive sign, and allow a probable new attempt against the 3155/3160. However, it is then that beyond 3160 the orientation could be a little more positive towards the 3175/3185 initially, before the 3195/3200 and 3220 and possibly 3245.
On the downside, we will monitor the area for 3115 (3110/3120), prior to 3100 pts. As these thresholds will we remain in a consolidation phase, even as the green slant on 3085 will be preserved. Below by cons, the decline is expected to continue even accelerate in the direction of 3065/3070, before 3050, then 3020/3030.
As it stands, between the output of the channel upward violet, the presence of the bullish channel green and what appears to be a pull back on the oblique violet after the second test of 3245, our analysis thus gives a more likely to top out. An analysis will also in the direction of the trend given by the U.S. indices.
But they may also need to consolidate in turn. The low volumes in recent weeks should also prompt us to relativize the upward movement that has developed since mid-December. It is therefore to be cautious before clear signs that will enable us to decide on changes that will take the ACC in the coming hours and days.
On the upside, the crossing of 3135 would be a first positive sign, and allow a probable new attempt against the 3155/3160. However, it is then that beyond 3160 the orientation could be a little more positive towards the 3175/3185 initially, before the 3195/3200 and 3220 and possibly 3245.
On the downside, we will monitor the area for 3115 (3110/3120), prior to 3100 pts. As these thresholds will we remain in a consolidation phase, even as the green slant on 3085 will be preserved. Below by cons, the decline is expected to continue even accelerate in the direction of 3065/3070, before 3050, then 3020/3030.
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