Kick The CAC

The French stock market is painting an inverted triangle formation. Though not yet confirmed, this can portend lower prices ahead. We are currently rounding over. A weekly close above the prior weeks' high would negate bearishness for now, whilst a weekly closing below the last swing low would confirm the pattern and target the purple area.

While pundits claim the US stock market rally, it is far more prudent to short markets that are seeing material capital outflows, especially in failed states such as France.