France: CAC-40...
CAC-40 recovery above 3550 would signal another test of resistance at 3750, but Twiggs Money Flow (13-week) completing peaks below the zero line indicates strong selling pressure. Failure of support at 3350 would offer a target of 2950
Target calculation: 3350 - ( 3750 - 3350 ) = 2950
France: CAC-40...
CAC-40 recovery above 3550 signals another test of resistance at 3800; breakout would indicate a test of 4050. Twiggs Money Flow (13-week) below the zero line indicates selling pressure. 63-day Twiggs Momentum breakout above zero, however, would suggest an advance.
France: CAC-40...
The CAC-40 is headed for another test of resistance at 3800; breakout would test 4050. Twiggs Money Flow (13-week) recovery above the zero line would indicate buying pressure. Rising 63-day Twiggs Momentum suggests an advance.
France: CAC-40...
The CAC-40 respected resistance at 3800. Twiggs Money Flow (13-week) holding below the zero line warns of selling pressure. Reversal below the rising trendline would test primary support at 3300.
France: CAC-40...
The CAC-40 is likewise consolidating below resistance at 3800. Breakout above 3800 would test the April high of 4050, while reversal below 3450 would signal another primary decline. Twiggs Money Flow (13-week) is rising but remains below the zero line, indicating long-term weakness.
France: CAC-40...
The CAC-40 is advancing to test its April high of 4050. Expect retracement, but Twiggs Momentum (21-day) respect of the zero line would likewise confirm the advance.
* Target calculation: 3750 + ( 3750 - 3450 ) = 4050
i have been a reader for the past three years...
the support at 3500 on CAC40 has been broken today and this index just made a weekly close below its yearly pivot point at 3450.
in view of this, do you still think your bullish scenario on CAC40 is in play ?
thanks
France: CAC-40 INDEX
France...
The CAC-40 is headed for a test of resistance at 4050, rising 13-week Twiggs Money Flow indicating buying pressure. Breakout would offer a long-term target of 4750*.
Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France: CAC-40 INDEX...
The CAC-40 is testing resistance at 4050, while bearish divergence on 13-week Twiggs Money Flow warns of a correction. Retreat below 4000 would signal a test of the rising green trendline around 3750. Follow-through above 4050 would offer a long-term target of 4750*.
* Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France: CAC-40 INDEX...
The CAC-40 broke through resistance at 4050, while rising 21-day Twiggs Money Flow indicates strong buying pressure. Retreat below 4000 is unlikely, but would signal a test of the rising green trendline around 3750. Retracement that respects this level would suggest a long-term target of 4750*.
* Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France: CAC-40 INDEX...
The CAC-40 also displays a recovery on 13-week Twiggs Money Flow, indicating buying pressure. Retracement that respects 4050 would suggest a long-term target of 4750*. Retreat below 4000 is unlikely, but would signal a test of the rising green trendline around 3750.
* Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France: CAC-40 INDEX...
The CAC-40 found support at 4000 and rising Twiggs Money Flow (21-day) indicates buying pressure. Follow-though above 4150 would offer a long-term target of 4750*. Retreat below 4000 is less likely, but would warn of a correction to test the rising (light green) trendline around 3750.
* Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France: CAC-40 INDEX...
The CAC-40 is testing support at 4000. Failure would warn of a correction, while recovery above 4150 would signal an advance to 4750*. Twiggs Money Flow (13-week) reversal below 5% would indicate rising selling pressure.
* Target calculation: 4050 + ( 4050 - 3350 ) = 4750
France...
The CAC-40 is testing resistance at 4000, but retracement would suggest another test of support. Failure of primary support at 3600 is unlikely, but would signal a reversal.