Hello, I offer an update on the markets through a graph of the ACC.
positive technical factors:
1) the MM150 moving upward. This orientation is recent: it does not offer any guarantees, but still needed (according to my criteria) to reinforce a long position.
2) April crisis has been deleted. When a downward shock (or a bearish gap) is graphically erased, the probabilities militate for an extension of the rise beyond the starting point of the "crash" (ie by April 4090).
3) the rule " one, two, break " also suggests the crossing next to 4090.
4) of tops and bottoms ascending are in place for some months.
5) international markets : the phase of underperformance in Europe ended and the ACC, in connection with the resumption of financial resources.
6) international markets : SI Net show renewed concern at the first jolt.
factor neutral:
1) the bank sector, which I posted the chart several times in the comments, is still stuck between a resistor and a descending major support. The outcome is graphically very indecisive: the 50/50 is seen that supports / resistances are of equal length.
Negative factors:
1) a "divergence" are emerging with the indices (and by extension with the raw materials) that exhibit negative performance since the beginning of the year, India and especially China.
2) a triple-top is always possible on the CAC in connection with a rebound Vix its lowest in April. If a triple-top is very rare (because of 1.2, break), it is against pest bearish in its implications.
3) trends upward over the 10-year rates are not challenged.
CONCLUSION:
A correction is underway on the markets. I think it offers a buying opportunity in markets including the ACC, which has recently found a good relative performance in the wake of its financial resources.
ACC: neutral current views. Decline to purchase 3950-3935, stop by 3900, target 4230.
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