First, look for the quarterly to see if a rally Year-end is possible. At first sight, before seeing the UT below, we have since resumed 8 months ago not a single point SAR green. The histogram of the MACD is still red but again, the RSI has trouble taking off as the Stochastic and Momentum. So no, we do not rally to year end. In addition, all moving averages are grouped in a handkerchief over the index, ditto for the MM11, which serves as an indicator: the attached graph:
In the monthly view, as we slip resistance Chartist black and fail to pass despite sustained on that unit of time points SAR green. We live above the MM11 (red) which is encouraging, the MACD histogram is green but the RSI barely keep its upward trend. Stochastics reaches its high points but Momentum is in positive territory.
In conclusion for the month, we should remain in the 3680/3296 trend which leaves us still a good month of December in terms of volatility. If the draft of 3296, we will, 3180 and 2812 but unlikely in the light of sight Quarterly: attached chart:
To conclude this analysis, see analysis in UT weekly and we have 5 point SAR red, the MACD histogram is red, the stochastics declining, the Momentum is slowing. In conclusion we monitor 3700 (lower pivot points) and then 3580, then 3470 and finally 3330. On the upside, we have a serious resistance at 3950 but there is no indication this week that the market will look for them. Attached graph:
Good trades
Zenvoo team
Trend is your friend!
04 Dec 2009 at 06:19
by
zenvoo team
Text automatically translated!
Hello, a small update for Friday 4/12/09.
Many important statistical expected date Furthermore Atlantic (see Table: http://www.zenvoo.com/fr-FR/c2_flux-zenvoo-trader/f3_index/f150_europe/f164_cac-40-france/f176_news/t2528_statistiques-attendues-cette-semaine-49-et-consensus). We closed on 3800 and the index future CAC 40 was down 30 points this morning at 3770. As we have told you during our patch via a flash newsletter published after technical analysis for the month of December the CAC 40, 3700 is our pivot point to the decline in the index (see targets on the above analysis above or this link: http://www.zenvoo.com/fr-FR/c1_zenvoo-index-community/f3_index/f150_europe/f164_cac-40-france/f167_mensuel/t2529_analyse-technique-du-cac-40-pour-le-mois-de-decembre-09) and we believe that a return on that support 3700 is to consider today or early next week. On the graph we have drawn a new line Chartist pink salmon UT Weekly gives us the strength to rise in 3800. The SAR points are always red with go and no green dot is present doubt our analysis to the most pessimistic in December although the trend remains bullish in the medium term. The histogram of the MACD confirms the downward trend, the Stochastic also only the IHR important resume seems a little altitude doubt this earlier this week with much fanfare. Bands Bollingers close, and we have the MM20, bollinger band in the middle which is located at 3685 which will be after the 3700 confirmation of a reduction of greater magnitude. In conclusion we will monitor the ahusse + and 3800 and downward 3750 (which corresponds to the red MM11) objective 3685 and 3700 and the targets seen in the analysis of December in various units of time.
Good trades
Zenvoo team
Trend is your friend!