Tuesday, November 22, 2011

CAC 40 bearish brekdown | 22-Nov-2011

 CAC 40 technical chart is shown below with Ichimoku indicator.

CAC 40 bearish brekdown
CAC 40 bearish brekdown

In the last trading session, CAC 40 CLOSED below kumo 2894.94. Chikou Span (CS) was already below kumo; thus confirming the bearish breakdown. This may be the beginning of new downtrend cycle. Do not take any long positions here. Instead, take ONLY short positions.

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