CAC: The correction phase will continue
I hate to start by saying, "as foreseen in my previous studies....."
So for those who are familiar with my daily studies and forecast, here is a little update.
CAC is clearly oversold. Therefore we may see a little upward jump but this should not exceed 4510-4515. My Thought is that we may be at around 4480 before the correction continues. Targets are 4360-4200-4105 and 4000.
4360 and 4200 are highly probable.
4105 is most like probable.
4000 is probable. Bellow, although it is still in a correction and not a reversal phase, it may be very much 3900 by September but it is still highly speculative. It must be confirmed by indicators, chart studies and overall by the pace and shape of the correction.
So for those who are familiar with my daily studies and forecast, here is a little update.
CAC is clearly oversold. Therefore we may see a little upward jump but this should not exceed 4510-4515. My Thought is that we may be at around 4480 before the correction continues. Targets are 4360-4200-4105 and 4000.
4360 and 4200 are highly probable.
4105 is most like probable.
4000 is probable. Bellow, although it is still in a correction and not a reversal phase, it may be very much 3900 by September but it is still highly speculative. It must be confirmed by indicators, chart studies and overall by the pace and shape of the correction.
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